For lithium ore, as the leading lithium converters have built adequate raw material inventories, they were cautious on future price trends and reluctant to stock up early. Processing fees for African lithium ore remained at around Yuan 19,000/tonne, based on Mysteel's survey.
Regarding lithium carbonate, the futures price pulled back still with bearish sentiment yet to be fully digested. Downstream buyers bought on price dips, boosting spot volumes, while the basis continued to strengthen. High-quality supply remained tight. With peak-season demand and holiday stockpiling ahead, downstream buying sentiment has been active.
