Lithium price jumps again as China carbonate futures hit limit-up; what traders watch next
China’s lithium prices moved higher again Tuesday. Spot battery-grade lithium carbonate averaged 152,500 yuan, up 1,500 yuan from the previous working day. Meanwhile, the most-active lithium carbonate futures on the Guangzhou Futures Exchange surged nearly 9%, hitting its daily upper limit at 160,500 yuan, according to SMM data. Upstream sellers held back spot volumes beyond their long-term contracts, while downstream buyers mostly stuck to “as needed” purchases, SMM noted. Overall trade activity slipped a bit.