Supply and demand structure reversal leads to global lithium carbonate market entering a new cycle of price increases
Lithium carbonate showed strong performance last Friday. Fengfeng Lithium rose 9.67%, Tianqi Lithium rose more than 5%.
Due to the sharp drop in imports of lithium carbonate, there has been a shortage of lithium carbonate supply in the domestic market in China. Some manufacturers' orders have been scheduled for September. One of the world’s largest lithium carbonate giants, Lockwood Lithium, will increase the price of its lithium carbonate products, such as lithium carbonate, lithium salt, and lithium hydroxide, by US$1,000/ton from July 1, which represents a roughly 20% discount. According to data from industry agencies, the average price of lithium carbonate in China has risen by about 10% this year, and is expected to rise further in the future driven by overseas giants.
The reversal of supply and demand structure led to the global lithium carbonate market entering a new cycle of price increase.
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