I couldn't locate that article now. It refers to China Wuxi Futures Contract price for May to August 2023, these Futures contract prices dropped over 70% over last few months, then bottomed early April, have already started to recover. Now the Chinese spot price to follow.
Currently China spot spodumene concentrate price (6% CIF) stablising at US$3,735/ton.
Bear in mind, majority of lithium materials are selling at contacted price, much higher.
Current lithium pricing mechanism is probably similar to the iron ore's around 15 years ago.
China spot price catches a lot of attentions, but lithium sale volume on the Chinese spot market is very small, would be less than 10% of the total market share.
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