On May 6th, the lithium carbonate market was stable, with the SMM index at 111,583 yuan/ton (~$15,476.14 USD/ton) and futures falling by 0.75% to 112,400 yuan/ton.
Today's lithium carbonate market saw a rise, with the SMM index climbing to 111,624 yuan/ton (~$15,417.68 USD/ton), while futures dropped by 2.15% to 111,450 yuan/ton.
Today's lithium carbonate market saw a slight rise with the SMM index reaching 111,176 yuan/ton (~$15,334.62 USD/ton) and futures dipping slightly by 0.86%.
Today's lithium carbonate market remained stable with a slight uptick in the SMM index to 110,762 yuan/ton (~$15,277.52 USD/ton) and futures rising by 1.33%.
The Chilean government has announced details of its lithium production expansion plan. The overall goal is to increase Chile's current lithium production of 250,000 tons by 70% and double the output within the next ten years by 2030. The plan lists the Salar de Atacama and Salar de Maricunga as strategic salt flats where the state must have a majority controlling position. Development and cooperation at these two salt flats will be led by Codelco. Codelco has already formed a partnership with SQM to jointly develop the Salar de Atacama.