According to the market analysis system of Shengyi Society, lithium carbonate has continued to decline recently. As of June 3, the benchmark price of domestic battery grade lithium carbonate in Shengyi Society was 59900 yuan/ton, a decrease of 24% from the beginning of the year; The benchmark price for domestic industrial grade lithium carbonate trading companies is 58933 yuan/ton, a decrease of 22.86% from the beginning of the year.

Lithium carbonate prices decline, lithium mine cost support disappears
Due to the continuous decline in the price of lithium carbonate, the acceptable price of lithium ore has been continuously lowered, and the downward trend in ore prices has also had a strong dragging effect on the price of lithium carbonate. In the future, although some high cost lithium mines have reduced production or even stopped production, with the arrival of the peak season for salt lake production and the increase of low-cost lithium resources, the overall new supply is still relatively large.
The downstream market for lithium carbonate is flat and the demand is not strong
The growth rate of terminal vehicle sales has slowed down, falling short of expectations, leading to weak demand for materials through upward transmission. Except for a few top battery cell factories that have increased production, the overall market demand is flat. Due to external environmental disturbances, although the energy storage battery market has rebounded, in the long run, uncertain factors are increasing.
The lithium carbonate data analyst from Shengyi Society believes that the current supply and demand pattern of lithium carbonate has not yet reversed, and there is pressure from upstream ore to terminal demand. In the short term, it will continue to fluctuate weakly, and specific market changes still need to be monitored.