The most-traded lithium carbonate futures contract moved slightly higher yesterday with some shorts paying off. On the fundamentals, LFP producers relied largely on customer-supplied feedstock, with spot buying mostly need-based and priced on dips. Some producers saw lower November orders or focused on destocking, so LFP schedules for November weakened slightly. With sentiment bearish on forward demand, it is important to watch for order adjustments in mid-to-late November. Currently, the lithium prices continue to reflect weaker year-end and Q1 2027 demand. Nonetheless, though demand is showing real signs of softening, the price decline has not widened further. And the lithium prices are expected to hover rangebound in the near future.
