According to customs data, the total import volume of lithium spodumene in China from January to February 2026 was approximately 1.39 million physical tonnes: January imports reached 832,000 physical tonnes, up nearly 6% month-on-month and 41% year-on-year, equivalent to about 84,000 tonnes of lithium carbonate equivalent (LCE); February imports stood at 558,000 physical tonnes, down 33% month-on-month and approximately 2% year-on-year, equivalent to about 50,000 tonnes of LCE. Overall, the arrival volume in January reached an exceptionally high level, mainly due to the tight supply of lithium salts in the fourth quarter of 2025, which drove strong production enthusiasm among domestic lithium spodumene smelters and consequently led to a high demand for lithium ore. In February, arrivals declined due to the Chinese New Year holiday and potential vessel delays. By country of origin, Australia saw a 17% month-on-month recovery in January arrivals, significantly rebounding, supported by improved shipments from November to December 2025. However, after entering January, at the beginning of the quarter, Australian miners adopted a wait-and-see attitude toward lithium prices for the new year, leading to lower shipments. Combined with the Chinese New Year factor in February, arrivals in February decreased by 23% month-on-month. Zimbabwe entered the rainy season after October last year, resulting in a slight decline in concentrate output. Coupled with adjustments to export tax rates and the accounting period at the beginning of the year, arrivals fell by 35% and 18% month-on-month in January and February, respectively. Nigeria has seen a continuous rise in arrivals since June 2025, maintaining high levels. South Africa performed notably well, with arrivals remaining above 100,000 physical tonnes for three consecutive months from December 2025 to February 2026. In contrast, Brazil saw persistently low arrivals in January and February this year, as certain mines had not yet resumed production from October to December last year. Additionally, according to screening and analysis using the SMM model, lithium spodumene imports in January corresponded to approximately 84,000 tonnes of LCE, with lithium concentrate amounting to 636,000 physical tonnes, accounting for 76%. In February, lithium spodumene imports corresponded to 50,000 tonnes of LCE, with lithium concentrate amounting to 438,000 physical tonnes, accounting for 79%.

Australia's Atlantic Lithium has obtained approval from Ghana's parliament to develop the Ewoyaa project—the country's first lithium mine—and will be subject to revised royalty terms linked to market prices.

On the afternoon of March 19th, Albemarle's spodumene concentrate auction concluded. The auction lot was 14,520 tonnes of spodumene concentrate from Wodgina, with the transaction price at CIF SC6 USD 2,018 per tonne. It is expected to arrive in port in April, with self-pickup available from Zhenjiang Port.

March 17 – This afternoon, Albemarle's auction for spodumene concentrate concluded. The auction lot consisted of 7,634 dry metric tons (dmt) of 5.49% spodumene concentrate sourced from Wodgina. The final transaction price was RMB 15,617 per metric ton, on a ex-warehouse Zhenjiang Port basis.

According to data from the General Administration of Customs, China's spodumene imports in March 2025 totaled 534,500 mt, down 6% MoM, equivalent to 46,000 mt LCE.

China's spodumene imports in March totaled 534,500 mt, down 6% MoM from February. According to customs data, the total spodumene imports in March 2025 were approximately 534,500 mt, mostly from Australia, Zimbabwe, and Nigeria. Among them, imports from Australian lithium mines were 308,000 mt, up 33% MoM; imports from Zimbabwe were 58,000 mt, down 40% MoM; and imports from Nigeria were 85,000 mt, up 83% MoM. Additionally, imports from South Africa decreased by 65% MoM, showing a significant reduction.

, January-February China's spodumene ore imports totaled approximately 1.16 million mt, with lithium concentrates reaching 880,000 mt, accounting for nearly 76%. According to data from the General Administration of Customs, in January-February 2025, the total domestic spodumene imports were about 1.1573 million mt, including 877,500 mt of spodumene concentrates: approximately 573,500 mt of concentrates from Australia, representing 65%; and about 150,600 mt of lithium concentrates from Zimbabwe, making up 17%. Additionally, the total spodumene imports included around 250,400 mt of raw ore from South Africa, a significant amount, collectively meeting the domestic demand for raw materials.

[Albemarle's 16,000 mt Spodumene Concentrates Transaction Price at 6,701 yuan/mt] At 14:30 today, Albemarle's spodumene concentrates auction concluded. The auctioned item was approximately 16,000 mt of 5.61% spodumene concentrates, with a transaction price of 6,701 yuan/mt, self pick-up from Zhenjiang Port.

This week, spodumene prices showed a slight downward trend WoW, mainly influenced by the downward fluctuation of lithium carbonate prices and the pessimistic expectation of continued decline. Some buyers exhibited moderate purchase willingness for high-priced spodumene, forcing a slight decrease in overseas ore prices. Regarding lepidolite, this week, the auction transaction price of 2.5% grade by Yichun Mining Company was 2,260 yuan/mt, providing certain price guidance for small and medium-sized traders. Small and medium-sized suppliers faced a dilemma between cost pressure and market risks, with moderate sentiment for selling. Constrained by the current undersupply of lithium concentrates, the expected downward trend remains lagging behind lithium carbonate prices.

According to data from the General Administration of Customs, China's domestic spodumene imports totaled 623,000 mt in April, up 16.5% MoM, equivalent to 54,000 mt of lithium carbonate equivalent (LCE).