Spodumene price surge underpinned by Chinese lithium recovery, bullish fundamentals
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