GLOBAL LITHIUM WRAP: Sustained weak downstream market puts pressure on Chinese prices; US, Europe carbonate falls 4%

By Carrie Shi
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 current level.

    European and US carbonate price fell on...

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