When the market players generally expected the lithium carbonate market to maintain supply tightness through May-June, the focus has shifted to demand resilience as well as expectations of improving lithium ore supply with recent news of project resumption, expansion, as well as Zimbabwe resuming lithium concentrate exports.
For lithium carbonate, the futures price recorded another losing day with players digesting the news of lithium project resumption and expansion. And the high warrants kept putting pressure on the futures market. Yet, the battery cathode and cell production scheduling is projected to maintain growth ahead in June, while the question lies in whether the addition mineral supply could be absorbed by the downstream players.
