Weak demands in China is playing havocs for Aussie Lithium Sector. According to Metal Bulletin, prices for Battery grade Lithium carbonate dropped 5.6% this week.
Demand is the key for Lithium prices to stablise in China, which is slow coming. Most analysts still expects strong lithium demand in coming months as normally demand for lithium peak in later months of the year.
- Battery-grade lithium carbonate prices fell week on week on slow consumption and lower prices achieved.
- Lithium hydroxide prices softened in line with the continuously falling carbonate market and weak demand.
- Low lithium carbonate prices in the Chinese market from the country‘s brine producers, and existing good stocks, remain the main factors behind the current downward price trend.
- Prices in the rest of the world remained unchanged week on week.
DYOR.
Frank.
Weak demands in China is playing havocs for Aussie Lithium...
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