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Global Li: Tight supply underpins strong Asian seaborne prices | American Metal Market


Buyers in the seaborne Asian lithium carbonate market reported increasing difficulty securing feedstock amid tight supply.
The battery-grade lithium hydroxide price in China jumped by 3.75%, while the equivalent grade lithium carbonate price held despite slower trades.
The Europe, US lithium spot complex continued to post sharp gains on the global bullish trend and tight supply.
Anticipation of lingering spot supply constraints for 2021 continued to lend support to lithium prices in the seaborne Asian market. A few buyers in the region said they had been warned by some producers that they are unlikely to meet buyers demand expectations.
Fastmarkets’ weekly assessment of the lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price cif China, Japan and Korea rose to $11-12 per kg on Thursday, up by 2.22% from $10.50-12.00 per kg previously. ....

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Global Li: Asian seaborne mart logs first move in 18 weeks | American Metal Market


Tightness in the Chinese domestic battery grade lithium compound market drove further price upswings and supported a similar move up in the Asian seaborne lithium carbonate market in the week to Thursday January 21.
Producers in China’s battery-grade lithium carbonate and hydroxide markets cited low availability for raising their offers again.
Asian battery-grade lithium carbonate spot price moved for the first time since September 2020 on the back of positive sentiment in China’s domestic prices despite limited spot trading.
Technical and industrial prices in Europe and the United States rose, also amid tighter supply in both regions, while battery-grade markets were steady week on week. ....

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