Spodumene price surge underpinned by Chinese lithium recovery, bullish fundamentals

By Carrie Shi, Dalila Ouerghi
Published: Monday, 01 February 2021

The spodumene price cif China posted a sharp month-on-month increase at the end of January after a pick-up in customer inquiries, and market participants expect further rises against a backdrop of bullish supply-demand for the raw material and rising lithium chemical prices in China.

Fastmarkets assessed the spodumene 6% Li2O min, cif China price at $450-460 per tonne on Wednesday January 27, posting its third consecutive monthly gain and an increase of 15.9% from $390-400 per tonne at the end of December.

Prices of the lithium raw material are typical driven by downstream...

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