GLOBAL LITHIUM WRAP: Sustained weak downstream market puts pressure on Chinese prices; US, Europe carbonate falls 4%
Published: Friday, 08 November 2019
China’s domestic spot battery-grade lithium compound prices tumbled week on week on Thursday November 7 after producers cut their offers to stimulate downstream buying, while the European and US carbonate price fell by $0.50 per kg after buyers faced little resistance to lower bids amid a well-supplied market.
By Carrie Shi and Cristina Belda
Chinese producers reduced offer prices for battery-grade
lithium carbonate to combat slow demand.
Chinese demand for lithium hydroxide remained low,
putting downward pressure on domestic Chinese prices.
Asian cif China, Japan & Korean prices soft at
European and US carbonate price fell on...