SMM

This week, lithium carbonate prices trended upward in a volatile manner, driving lithium ore prices to rise week-on-week. On the supply side, overseas mines remain reluctant to cut prices, keeping offers persistently high. A recent auction by a major miner also reflects this firm pricing sentiment in bulk lithium ore transactions. Holders are reluctant to sell, often pricing their cargoes by discounting from futures prices. On the demand side, thanks to earlier hedging, downstream producers have become more willing to procure, and the acceptable ore price has inched up in tandem with the rebound in lithium carbonate. Market sentiment has improved, with sporadic small-lot deals being reported.