SMM

This week, with the temporary recovery in lithium carbonate prices, lithium ore suppliers continued to refuse to budge on prices at elevated levels. Given some hedging profit opportunities, traders (buyers) and lithium chemical plants, as demand-side participants, slightly raised their acceptance prices for lithium ore. Some lithium ore transactions were concluded at prices slightly above USD 620-630/mt, driving a slight increase in the lower end of market prices. In terms of market sentiment, apart from some non-integrated lithium chemical plants showing enthusiasm for lithium ore purchases, most enterprises adopted a wait-and-see attitude, and market transactions were relatively average.