Last week, lithium ore prices closely followed the strong upward trend in lithium carbonate prices. After a concentrated stockpiling by lithium refineries in the previous round in November, their procurement pace had slowed, leading to a gradual accumulation of traders' lithium ore stocks amidst port arrivals. Nevertheless, the lithium refineries resumed restocking activities last week, while sellers continued to maintain firm quotations.
In the lithium carbonate spot market, the spot transactions returned to a relatively high level amidst the constant lithium price hike, indicating firm downstream demand with cathode plants beginning the stockpiling for the upcoming Chinese New Year holiday. Mysteel's data indicated a weekly rebound of around a quarter in terms of lithium carbonate spot transaction volume.
Join our webinar "2026 Lithium & Nickel: Are We at the Threshold of a New Cycle?" to gain expert insights into China's lithium & nickel market dynamics and future trends - reserve your spot now via https://www.mysteel.net/event-listings/100055-2026-lithium-and-nickel-are-we-at-the-threshold-of-a-new-cycle.
