China lithium carbonate production to fall further in Jan
China's lithium carbonate production stood at 36,300 tonnes in December 2023, a monthly fall of 0.2%, based on Mysteel old survey sample. Specially, the production in Sichuan Production changed little, but some tollers in Jiangxi Province and some smelters in Qinghai Province reduced the production due to falling orders from end-market players and cooling weather respectively, which offset the production growth in other regions.
It is expected that China's lithium carbonate production will fall further by 4% month on month in January 2024, and the total production is estimated at around 40,000 tonnes based on Mysteel new survey sample that validates starting from January 2024.
The production cut is primarily attributed to falling downstream orders and some smelters undertaking maintenance approaching Chinese New Year holiday. In addition, the scrap-based production will also drop on overly high cost.
Source: Mysteel
China's production of lithium hydroxide lost 4.8% MoM at 20,300 tonnes in December 2024 as a result of constantly falling lithium hydroxide prices in the month, which slowed the smelters production pace.
The production is estimated at 19,100 tonnes in January 2024, down 5.9% MoM on the backdrop of approaching Chinese New Year holiday as well as poor demand from the ternary battery sector.
Source: Mysteel
Written by Aggie Hu, huchenying@mysteel.com
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