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Lithium carbonate price up by 4.17%
GLOBAL LITHIUM WRAP: Seaborne Asian carbonate price rises on tight availability.
The battery-grade seaborne Asian lithium carbonate market continued to post gains over the week on Thursday May 6 amid tight spot availability.
Battery-grade lithium carbonate price cif China, Japan and Korea widened upward.
Lithium prices in China steady following Labor Day holiday. Europe/US lithium hydroxide prices rose for both battery-grade and technical grade material.
Lithium prices in Asia remained broadly steady this week with the seaborne Asia battery-grade lithium carbonate price outperforming others with notable gains despite holidays in both China and Japan.Fastmarkets’ weekly assessment of the lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price cif China, Japan and Korea was at $11.50-13.50 per kg on Thursday, up by 4.17%from $11.50-12.50 per kg in the prior week.
An Asian distributor told Fastmarkets that some of his peers were unable to provide lithium carbonate to their customers at least until summer - and in some extreme cases until autumn - since producers could not deliver cargoes to them on time.
“We haven’t made any offers since we don’t have any availability for the spot market,” a second Asian distributor said. “But buyers might even be willing to take cargoes around $14 per kg.”