Chinese Spodumene Buyers Push For Lower Price, Overseas Mines Would Rather Sit On Stockpiles Than Sell At Big Discounts

Dec 29, 2023 18:46

Source:SMM

Spodumene concentrate's price drop slowed in the week ending December 28th. High domestic lithium ore stocks persist.

Spodumene concentrate's price drop slowed in the week ending December 28th. High domestic lithium ore stocks persist. Buyers tried to push for lower price, expecting further price falls. Ore holders prefer to sit on their stockpiles, waiting for better market conditions. Imports of African lithium ore slowed as miners won't sell cheap. (OMG, 2 to 3 months in shipping time lines, and dealing with pirates along the way) With the 2-3 month shipping to China and transit risks, traders lost interest in year-end imports. A short-term moderation in the price drop is expected.