London—Chinese domestic lithium carbonate prices dropped again this week as sellers discounted their offers in an attempt to attract customers. S&P Global Platts assessed battery grade lithium carbonate at Yuan 67,500/mt Friday, down Yuan 1,000 week on week, while lithium hydroxide lost Yuan 2,000 to Yuan 80,000/mt. Both assessments were on a delivered, duty-paid China basis. The current downtrend continued to be driven by sluggish demand and ongoing oversupply, although some market participants were doubtful the drop could continue as prices approached conversion costs.
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