GLOBAL LITHIUM WRAP: China’s battery-grade prices weaken further on sufficient supply

摘要

Chinese domestic lithium prices fell in an otherwise flat market in the week to Thursday July 9, with producers forced to reduce offers to tempt buyers amid sufficient supply. - Ample supply offset slightly improved downstream operation rates in China, pressuring China’s battery-grade lithium carbonate price lower. - China’s industrial-grade lithium carbonate offers firmed with individual producers increasing prices. - China’s lithium hydroxide prices drifted lower due to cheaper offers on the spot market. - Asian lithium market still flat with thin spot trades. - Europe, US prices steady with participants seeing no short-term signs of recovery. - Lithium Americas temporarily halts onsite works at project in Argentina due to Covid-19 cases among workforce.