Lithium ore spot transactions were robust last week, with most lithium refineries purchasing actively, and overall marketable lithium ore inventories held by the traders continued to decline.
At the beginning of the month, downstream buyers continued to purchase lithium carbonate for essential needs last week, though buying interest eased as prices rose. Yet, the basis for new cargoes strengthened modestly, suggesting improving downstream appetite. Meanwhile, the warrants finally stopped accumulating and showed mild reductions.
