GLOBAL LITHIUM WRAP: Chinese strength drives gains globally

Lithium prices in China continued to rise in the week to Thursday August 26, spurring gains across the globe despite limited spot activity overall.

Prices for both battery-grade and technical-grade lithium carbonate continue upswing, with the gap between the two narrowing.Seaborne lithium prices in Asia tick up amid tight availability; Chinese suppliers making aggressive offers.Battery-grade lithium prices in Europe and the United States track the gains in China.
Battery-grade and technical-grade lithium carbonate prices in China continued to strengthen this past week despite low liquidity. Suppliers were said to be reluctant to make offers for September cargoes, while consumers broadly put off finalizing purchases until next week.
Fastmarkets' assessment of the lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range, ex-works domestic China was 107,500-112,500 yuan ($16,582-17,353) per tonne on Thursday, up by 2,500 yuan (2.3%) per tonne from 105,000-110,000 yuan per tonne a week earlier.

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