empty
 
 

16.07.202609:28:07UTC+00Lithium Falls to Near 4-Month Low

Lithium carbonate prices slipped to CNY 151,000 in July, their lowest level in nearly four months, as expectations of increased global supply weighed on the market. CATL’s Jianxiawo mine—one of the largest in the world—received the necessary safety approvals to resume operations after an extended shutdown. In addition, the rise in lithium prices earlier in the year prompted Australian miners to bring capacity back online. Mineral Resources will restart production at its Bald Hill lithium mine after an 18‑month suspension, while Core Lithium has resumed work at its Finniss project, helping offset supply shortfalls elsewhere.

At the same time, industry reports in China indicate that intense competition among EV battery manufacturers to defend market share is pushing companies to ramp up production schedules, thereby increasing their lithium procurement. Further bolstering demand, rapid growth in energy storage systems is driving additional lithium consumption, even as EV orders in China begin to soften.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback