SMM

This week, lithium carbonate prices rose significantly MoM, with ore prices also increasing. Upstream overseas mines continued to show reluctance to budge on prices; other suppliers maintained their firm pricing stance, and the volume of spot cargo available for circulation was limited, resulting in strong reluctance to sell. Downstream lithium chemical plants, driven by robust demand, maintained high raw material requirements to sustain previous production schedules, showing strong willingness to inquire and purchase, making the market relatively active. Overall, ore prices in the market followed the upward trend of lithium carbonate.