Asian lithium market steady; European, US prices boosted by tight supply

Lithium prices in China were stable in the week to Thursday November 18 due to limited spot trading activity, while seaborne East Asian prices were flat amid similar conditions.

Chinese lithium prices stable amid limited spot trading ahead of month-end restocking.Seaborne East Asian prices similarly unchanged in quiet conditions.Lithium prices in Europe and the United States continue to strengthen on persistent supply tightness.Battery-grade lithium carbonate and hydroxide prices in China were stable this past week, with consumers continuing to purchase on an as-needed basis ahead of the next round of month-end restocking.
Fastmarkets' assessment of the lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range, ex-works domestic China was at 195,00-200,000 yuan ($30,546-31,330) per tonne on Thursday, unchanged since October 28.
Fastmarkets' assessment of the lithium hydroxide monohydrate, 56.5% LiOH.H2O min, battery grade, spot price range, exw domestic China was 185,000-205,000 yuan per tonne on Thursday, also unchanged since October 28.

Multiple market participants in China noted tight availability of battery-grade lithium carbonate, while lithium hydroxide...

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