Xuan Gu Bao·2025-12-25 14:42Group 1 - Tianqi Lithium Industry announced that starting from January 1, 2026, all product spot transaction settlement prices will no longer reference SMM prices, but will be adjusted to either Shanghai Steel Union's high-quality battery-grade lithium carbonate and battery-grade lithium hydroxide (coarse particles) prices, or the main contract price of lithium carbonate on the Guangzhou Futures Exchange, as chosen by customers [1] - On December 25, the SMM battery-grade lithium carbonate price range was between 97,800 yuan/ton and 112,000 yuan/ton, while Shanghai Steel Union's early morning battery-grade lithium carbonate market price range was between 114,500 yuan/ton and 117,200 yuan/ton, and the closing price of the lithium carbonate futures main contract was 123,520 yuan/ton [1] - In 2025, the domestic lithium carbonate price showed a trend of first declining and then rising, with the fundamentals shifting from a loose supply-demand balance to a scenario of increasing supply and demand, indicating that supply-demand mismatch will be the main theme of the lithium carbonate market in 2026 [1] Group 2 - Tianqi Lithium Industry focuses on lithium as its core business, including the development of hard rock lithium resources, production and sales of lithium concentrate, and production and sales of lithium chemical products [2] - Shengxin Lithium Energy's main business includes lithium ore mining and selection, as well as the production and sales of basic lithium salts and lithium metal products [2]