In the short term, lithium carbonate fluctuated in the range of 13-160,000 yuan/ton. Spot transactions are weak, but remote expectations have recovered, and monthly price spreads have narrowed. Supply-side production was removed, trade was accumulated, and high warehouse receipts suppressed the rebound; production schedules increased month-on-month in August. Demand side lithium iron orders are full, battery production schedules are rising, and we are entering the peak season preparation cycle. In terms of policy, consumption tax will be levied on lithium batteries in September, which will raise costs and speed up production capacity clearance in the long term. Inventory sales are expected to drop month by month in the second half of the year, and inventory sales will decline by the end of the year.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.