Core Viewpoint - The price of lithium carbonate has experienced a significant decline, dropping to a recent low of 59,500 yuan/ton, which is a 90% decrease from the peak of 600,000 yuan/ton in 2022, raising concerns about the sustainability of lithium salt enterprises and the entire lithium battery supply chain [1][2]. Price Trends - In 2023, the average price of battery-grade lithium carbonate in China fell to 103,000 yuan/ton by the end of the year, an 80.38% decrease from the average of 525,000 yuan/ton at the beginning of the year [2]. - The price trend for 2024 is expected to show a "rise then fall" pattern, with a 30% increase in early months due to environmental issues and inventory replenishment, followed by a decline due to supply-demand imbalance [2][6]. - As of May 23, 2025, the average price of battery-grade lithium carbonate was 63,100 yuan/ton, while industrial-grade was 61,500 yuan/ton, indicating a continued downward trend [2]. Supply and Demand Dynamics - The lithium market is facing oversupply, with global lithium salt production increasing by 23% year-on-year in Q1 2025, while the demand for power batteries is showing signs of slowing down [6][7]. - As of May 2025, total social inventory of lithium carbonate reached 131,700 tons, with salt plant inventory increasing by 8.8%, indicating prolonged destocking cycles [6][7]. Cost Structure Changes - The production costs for lithium salt enterprises are decreasing, with salt lake enterprises maintaining costs around 40,000 yuan/ton, while African mines range from 60,000 to 70,000 yuan/ton [8]. - Companies are transitioning to lower-cost production methods, with some salt lake projects expected to achieve production costs as low as 32,000 yuan/ton [8]. Market Outlook - The current market sentiment remains pessimistic due to the downward spiral of salt and mineral prices, with many lithium salt enterprises struggling to maintain profitability [3][5]. - Analysts suggest that the market may only return to balance after the elimination of loss-making capacities, indicating that prices are likely to remain weak in the short term [8].

富宝资讯：碳酸锂现货价格较上一交易日环比下跌，富宝电池级碳酸锂报60800元/吨 金十期货5月28日讯，富宝锂电网发布数据显示，电碳现货基差指数为490元/吨（持平）；电池级碳酸 锂报60800元/吨（-300元/吨）；工业级碳酸锂（综合）报59800元/吨（-300元/吨）；电池级碳酸锂长协 均价63300元/吨（-150元/吨）；氢氧化锂指数报63083元/吨（持平）；锂辉石（非洲 SC 5%）报435美 元/吨（-5美元/吨）；锂辉石（中国 CIF 6%）报630美元/吨（-5美元/吨）；锂辉石指数（5%≤ Li2O <6%）报4950元/吨（-50元/吨）；锂云母指数（2%≤ Li2O <4%）报1636元/吨（-23元/吨）；磷锂铝石 （7%≤ Li2O <8%）报7225元/吨（-50元/吨）；富锂铝电解质指数报1709元/吨（-22元/吨）；富宝卤水 （硫酸锂）折扣系数报71.5%（持平）。 ...

富宝资讯：碳酸锂现货价格较上一交易日环比下跌，富宝电池级碳酸锂报60900元/吨 金十期货5月26日讯，富宝锂电网发布数据显示，电碳现货基差指数为490元/吨（持平）；电池级碳酸 锂报60900元/吨（-1200元/吨）；工业级碳酸锂（综合）报59900元/吨（-1400元/吨）；电池级碳酸锂长 协均价63600元/吨（-100元/吨）；氢氧化锂指数报63083元/吨（-500元/吨）；锂辉石（非洲 SC 5%）报 335美元/吨（持平）；锂辉石（中国 CIF 6%）报635美元/吨（-5美元/吨）；锂辉石指数（5%≤ Li2O <6%）报5035元/吨（-115元/吨）；锂云母指数（2%≤ Li2O <4%）报1659元/吨（-61元/吨）；磷锂铝石 （7%≤ Li2O <8%）报7275元/吨（-100元/吨）；富锂铝电解质指数报1731元/吨（-29元/吨）；富宝卤水 （硫酸锂）折扣系数报72.5%（+1）。 ...

Core Viewpoint - The spot price of lithium carbonate has decreased compared to the previous trading day, with battery-grade lithium carbonate reported at 61,900 yuan/ton [1] Price Summary - The spot price of battery-grade lithium carbonate is 61,900 yuan/ton, down by 1,450 yuan/ton [1] - The industrial-grade lithium carbonate (comprehensive) is reported at 61,100 yuan/ton, down by 1,400 yuan/ton [1] - The average price of battery-grade lithium carbonate in long-term contracts is 64,300 yuan/ton, down by 150 yuan/ton [1] - The lithium hydroxide index is reported at 63,583 yuan/ton, down by 917 yuan/ton [1] - The price of lithium spodumene (Africa SC 5%) is stable at 335 USD/ton [1] - The price of lithium spodumene (China CIF 6%) is 685 USD/ton, down by 5 USD/ton [1] - The lithium spodumene index (5%≤ Li2O <6%) remains stable at 5,272 yuan/ton [1] - The lithium mica index (2%≤ Li2O <4%) is stable at 1,811 yuan/ton [1] - The price of phosphor-lithium aluminum stone (7%≤ Li2O <8%) is stable at 7,475 yuan/ton [1] - The lithium-rich aluminum electrolyte index remains stable at 1,790 yuan/ton [1] - The discount coefficient for lithium brine (lithium sulfate) is reported at 72.5%, up by 1 [1]

Core Viewpoint - The spot price of lithium carbonate has decreased compared to the previous trading day, indicating a downward trend in lithium prices within the market [1] Price Summary - Battery-grade lithium carbonate is reported at 63,350 CNY/ton, down by 1,300 CNY/ton - Industrial-grade lithium carbonate (comprehensive) is reported at 62,500 CNY/ton, down by 900 CNY/ton - The average price of battery-grade lithium carbonate for long-term contracts is 64,450 CNY/ton, down by 100 CNY/ton - The lithium hydroxide index is reported at 64,500 CNY/ton, down by 1,000 CNY/ton [1][1][1] Lithium Ore Prices - Lithium spodumene (Africa SC 5%) is reported at 335 USD/ton, down by 10 USD/ton - Lithium spodumene (China CIF 6%) is reported at 690 USD/ton, down by 10 USD/ton - The lithium spodumene index (5% ≤ Li2O < 6%) is reported at 5,272 CNY/ton, down by 98 CNY/ton - The lithium mica index (2% ≤ Li2O < 4%) is reported at 1,811 CNY/ton, down by 44 CNY/ton - The phosphor-lithium aluminum stone (7% ≤ Li2O < 8%) is reported at 7,475 CNY/ton, down by 90 CNY/ton [1][1][1] Other Indices - The rich lithium aluminum electrolyte index remains stable at 1,790 CNY/ton - The discount coefficient for rich brine (lithium sulfate) is reported at 71.5%, up by 1 [1][1][1]

电池级碳酸锂价格走势图（元/吨） 郭晨凯 制图 ◎记者 李少鹏 "生活中已经开始享受夏日时光，但行业还在'寒冬'里挣扎。"谈及碳酸锂产业近况，A股某锂矿企业高 管感慨道。 结合碳酸锂价格走势，锂矿企业近况的确不容乐观。"我的钢铁网"5月15日数据显示，当日国产电池级 碳酸锂均价为65050元/吨。今年以来，电池级碳酸锂市场报价跌幅已超万元。目前每吨6.5万元的报 价，已跌破大多数碳酸锂生产企业的"盈亏线"。 对于锂价持续下行，下游需求不足或是主因，但有市场人士认为，贸易商"抛货"的情况对价格走势也造 成较大影响。"锂价连续下跌，手里有货的一些贸易商接连'抛货'，或导致锂价进一步下探。"有熟悉碳 酸锂行业的贸易人士表示，目前碳酸锂的供给增长高于下游需求，尽管锂价已到行业认知的底部，但短 期内上涨动力依旧不足。 跌跌不休 目前，已有一些企业因扛不住价格下跌而"倒下"。记者了解到，江西宜春某头部碳酸锂生产商2024年底 就已全面停工，目前该企业因拖欠供应商货款、未履行客户订单等问题已被诉至法院，企业已无法正常 运转。 事实上，锂价跌破7万元/吨，受冲击最大的当数生产成本相对较高的江西锂云母企业。记者采访得知， 除少 ...

Core Viewpoint - The spot price of lithium carbonate has decreased compared to the previous trading day, with battery-grade lithium carbonate reported at 63,950 yuan per ton, reflecting a decline of 1,400 yuan per ton [1] Price Summary - Battery-grade lithium carbonate is priced at 63,950 yuan per ton, down 1,400 yuan per ton - Industrial-grade lithium carbonate (comprehensive) is reported at 62,700 yuan per ton, also down 1,400 yuan per ton - The average price of long-term contracts for battery-grade lithium carbonate is 65,500 yuan per ton, down 550 yuan per ton - The lithium hydroxide index is at 60,500 yuan per ton, down 500 yuan per ton [1] Lithium Ore and Other Indices - Lithium spodumene (Africa SC 5%) is priced at 405 USD per ton, down 10 USD per ton - Lithium spodumene (China CIF 6%) is reported at 740 USD per ton, down 10 USD per ton - The lithium spodumene index (5% ≤ Li2O < 6%) is at 5,485 yuan per ton, down 35 yuan per ton - The lithium mica index (2% ≤ Li2O < 4%) is at 1,936 yuan per ton, down 37 yuan per ton - Phosphate lithium aluminum stone (7% ≤ Li2O < 8%) is priced at 7,640 yuan per ton, down 50 yuan per ton - The rich lithium aluminum electrolyte index is at 1,836 yuan per ton, down 25 yuan per ton - The discount coefficient for rich brine (lithium sulfate) remains unchanged at 71.5% [1]

Group 1 - The core viewpoint of the articles indicates a significant decline in lithium carbonate futures prices, with the main contract falling below 65,000 yuan per ton, reaching a historical low, driven by a combination of factors including weak demand and oversupply in the market [1][2] - The spot prices for lithium carbonate have dropped across the board, with battery-grade lithium carbonate reported at 65,350 yuan per ton, down 600 yuan in a single day, and industrial-grade lithium carbonate at 64,100 yuan per ton, reflecting a broader downward trend in the industry [1] - The cost side is collapsing, as major domestic and international mines have not seen further production cuts, and first-quarter financial reports indicate a decline in costs, allowing for further price reductions in lithium salts [1][2] Group 2 - The supply-demand imbalance is deepening, with expectations of a month-on-month increase in domestic lithium carbonate production in May, while high inventory levels are suppressing price rebound potential [2] - The industry is undergoing a significant reshuffle, with prices below 70,000 yuan impacting the cost lines of many companies, leading to a focus on cash flow management and resource control as key survival strategies [2] - The technical outlook remains bearish, with price movements following a downward channel, and multiple institutions agree that under the pressures of collapsing costs, increased supply, and weak demand, lithium carbonate prices are likely to remain under pressure [2]

Price Trends - The spot price of lithium carbonate has decreased compared to the previous trading day, with battery-grade lithium carbonate reported at 65,350 CNY/ton, down by 600 CNY/ton [1] - Industrial-grade lithium carbonate (comprehensive) is reported at 64,100 CNY/ton, down by 650 CNY/ton [1] - The average price of battery-grade lithium carbonate in long-term contracts is 66,050 CNY/ton, down by 400 CNY/ton [1] Index and Other Prices - The lithium hydroxide index remains stable at 66,000 CNY/ton [1] - The price of lithium spodumene (Africa SC 5%) is reported at 415 USD/ton, down by 15 USD/ton [1] - The price of lithium spodumene (China CIF 6%) is reported at 750 USD/ton, down by 13 USD/ton [1] Additional Indices - The lithium spodumene index (5% ≤ Li2O < 6%) is reported at 5,520 CNY/ton, down by 30 CNY/ton [1] - The lithium mica index (2% ≤ Li2O < 4%) is reported at 1,973 CNY/ton, down by 29 CNY/ton [1] - The price of phosphor-lithium aluminum stone (7% ≤ Li2O < 8%) is reported at 7,690 CNY/ton, down by 40 CNY/ton [1] - The lithium-rich aluminum electrolyte index is reported at 1,861 CNY/ton, down by 31 CNY/ton [1] - The discount coefficient for lithium brine (sulfuric acid lithium) remains unchanged at 71.5% [1]

Core Viewpoint - The lithium carbonate market is experiencing significant price declines due to weak downstream demand and various external factors, including changing tariff policies and increased supply, leading to a bearish sentiment in the industry [2][3][10]. Price Trends - Lithium carbonate futures and spot prices have entered a downward trend, with futures prices dropping to a historical low of 66,000 yuan/ton by April 30, 2023, marking a cumulative decline of 15% since the beginning of the year [2][3]. - The spot price for battery-grade lithium carbonate has decreased from 75,100 yuan/ton at the beginning of the year to 68,300 yuan/ton, reflecting a drop of 9% [5]. Demand Factors - Downstream demand remains weak, with battery manufacturers reducing orders for cathode materials, indicating that actual demand has not met expectations [3][9]. - The U.S. tariff policies have directly impacted the export market for Chinese lithium batteries, leading to a significant contraction in demand [3][9]. Supply Dynamics - The supply side has seen increased production, particularly from major mines in Jiangxi, which have resumed operations post-Chinese New Year, contributing to a rise in lithium carbonate output [4][7]. - Despite some lithium salt manufacturers implementing production cuts, the overall supply continues to grow, leading to a further decline in prices [4][10]. Inventory and Production Rates - The lithium carbonate production rate reached a historical high of 7.9 million tons per month, with the operating rate at 48.77%, reflecting a slight decrease from the previous week [8][10]. - Inventory levels are increasing, with total inventory nearing historical highs, indicating a potential oversupply situation [8][10]. Market Sentiment - The market sentiment is predominantly bearish, with participants concerned about the ongoing price declines and the impact of tariffs on future demand [3][9]. - Analysts suggest that the current low prices may limit further declines, but the overall market remains cautious due to high inventory levels and weak demand [11].