Based on Mysteel's tracking of the lithium carbonate inventory across the industry, the overall stocks continued to destock with a weekly contraction of over 6,000 tonnes, supporting the narrative of firm fundamentals. When the lithium concentrate shipment from Zimbabwe fell short of earlier expectations of a substantial ramp-up in late July, the lithium carbonate production growth in August remained constrained, coupled with the delayed restart at Jianxiawo Mine. Yet, the persistent price hike slowed the spot transactions. The follow-up spot transaction pact amidst the recent price hike is worth attention.
