SMM

This week, the price of lithium hydroxide showed an amplified increase WoW. In terms of market sentiment, the continuous rise in lithium carbonate and lithium ore prices has triggered lithium chemical plants to hold prices firm. Some upstream salt plants have quoted prices based on futures discounts. For downstream players, most ternary cathode material plants did not see significant changes in demand and only maintained a procurement pace for minor spot purchases to meet rigid demand. Overall market transactions were mediocre. In the short term, the price of lithium hydroxide is expected to continue a gradual upward trend, boosted by lithium carbonate and lithium ore prices.