China: Li, Mg prices move up

摘要

Lithium prices continued to hit historical highs on tight supply, while magnesium prices rose sharply today because of potential production disruptions. Antimony The market stabilised today after a price rise earlier this week on renewed restocking interest and spot supply tightness. Prices for 99.65pc grade metal were assessed stable at 72,500-73,500 yuan/t ($11,381-11,538/t) ex-works today, following an increase of Yn500/t on 21 December. Most key privately-operated metal producers in Lengshuijiang city closed their blast furnaces for crude antimony this week owing to a lack of concentrate availability, but have kept their refining furnaces in operation, according to market participants. The range for 99.8pc grade trioxide held at Yn66,500-67,500/t ex-works today after a rise of Yn500/t on 21 December, with key producers maintaining offers in line with the firm metal costs.