Lithium Daily: Lithium prices supported by bullish outlook but capped by slowing transactions

Source: Mysteel Apr 21, 2026 08:55

For lithium carbonate, the futures price further increased while the spot transactions remained under pressure. On the demand end, most LFP cathode plants operated nearly at full capacity, and some slightly lifted their April production scheduling. Currently, the market players wrestled over the expectations of continued inventory drawdown in May and June as well as slowing spot transactions under high lithium prices, accompanied by accumulating downstream players' inventory and GFEX warrants.