Last week, China's domestic lithium refineries took delivery quickly, keeping port lithium ore inventories on a steady downtrend, based on Mysteel's survey. When lithium ore prices moved lower in line with lithium carbonate, some lithium refineries were actively fixing prices, while others, having already settled large volumes of back-priced contracts during the late-May decline, were more cautious in early June. Large-sized refineries have begun locking in ore supply for the third quarter, further tightening spot availability.
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