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Lithium Daily: Lithium transactions slow on price hike, while strong demand retains momentum

Source: Mysteel Apr 28, 2026 09:26
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Lithium Demand Price Supply
For lithium carbonate, the spot transactions slowed with the futures price hitting Yuan 180,000/tonne, a near-term resistance, and the traded basis was flat. Currently, the demand end showed resilience thanks to robust energy storage market and rising penetration of electric vehicles, which carry way more battery capacity than electric passenger vehicles. Market players are advised to closely watch the weekly inventory changes.

For lithium carbonate, the spot transactions slowed with the futures price hitting Yuan 180,000/tonne, a near-term resistance, and the traded basis was flat. Currently, the demand end showed resilience thanks to robust energy storage market and rising penetration of electric vehicles, which carry way more battery capacity than electric passenger vehicles. Market players are advised to closely watch the weekly inventory changes.

 

Join Mysteel's April 30 webinar to explore whether supply disruptions will drive the next leg higher for lithium and nickel markets in Q2 2026.
https://www.mysteel.net/event-listings/100067-q2-2026-lithium-and-nickel-will-supply-disruptions-fuel-further-price-hikes

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