According to Mysteel's assessment, China's lithium ore prices slightly rebounded along with firm lithium carbonate. And the spot transactions picked up as some lithium refineries saw their previously placed back-pricing orders about to expire.
For lithium carbonate, the futures price further increased after continuous declines, with firm fundamentals providing a solid floor. Recent support primarily stemmed from a delayed restart of Jianxiawo Mine, falling overseas shipment in May compared with April, which reinforced the expectations of tight supply, following the influx of untracked lithium carbonate stocks earlier. In addition, the demand end remained reslient still with strong energy storage orders. Though the electric vehicles sales slightly fell short, it is offset by the rising sales of commercial vehicles and increasing installed capacity per vehicle.
