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Today's LiCarbonate Daily - A Fresh Perspective on March 13th's Lithium Market

On March 13th, lithium carbonate futures rose by 0.38% to 118,800 yuan/ton, with spot prices reaching 111,000 yuan/ton, signaling a market in cautious optimism. ....

Battery Materials Department , Guangqi Exchange , Lithium Futures Take , Modest Leap , Spot Prices , Side En Pointe , Delicate Dance , Battery Materials ,

Analysis-China lithium boom slows as sagging prices batter high-cost miners

A slump in the price of lithium, a key raw material in electric car batteries, is dragging on China's mining of the ultralight metal which together with a costly extraction process is prompting a reassessment of output growth and new project plans. Softening EV demand has knocked down global lithium prices, with a basket tracked by Benchmark Mineral Intelligence plunging more than 80% in the past 12 months. In China, which accounted for about a quarter of the world's mined lithium output in 2023, analysts expect the mining of lepidolite - a hard rock ore that is relatively expensive for producing lithium - to take a hit as a prolonged price slump makes costly production unsustainable. ....

United States , Andrew Hayley , Li Liangbin , Siyi Liu , Yan Yun , Susan Zou , Tony Munroe , Himani Sarkar , Rystad Energy , Yongxing Special Materials Technology Huashan , Benchmark Mineral Intelligence , South America , Lunar New Year , Yongxing Special Materials Technology , Yin Yiwei , Communist Party , Jiangxi Daily , Ganfeng Lithium , Beijing Newsroom ,