The lithium carbonate prices rebounded yesterday, with prices highly sensitive to supply side news. While there was news earlier that Jianxiawo mine has obtained new land permit, some players say it is still too early to determine when production will resume, and the restart will take time, easing the previous estimations of a quick restart. In addition, the GFEX warrants kept reducing after peaking in early June, with the volume falling below 50,000 lots yesterday.
On the demand end, the downstream players purchased on demand, and the basis for new cargoes showed signs of improvement. And the LFP production in June has maintained steady growth, offering firm support from the demand end. And the stockpiling pace among the downstream players ahead of the traditional seasonal high is worth attention.
