Sunday, April 21, 2024

HomeEconomyChinese lithium producers set price floor as demand evaporates

Chinese lithium producers set price floor as demand evaporates

Reuters exclusively reported that China’s top lithium producers agreed this week to set a floor price of 250,000 yuan ($36,380) per tonne of lithium carbonate in an effort to slow a plunge in the price of the battery raw material.

Market Impact

Spot prices dropped to 220,000 yuan a tonne on Friday, according to a weekly price assessment by Fastmarkets, down from 260,000 yuan a week earlier.

Article Tags

Type: Reuters Best

Sectors: Commodities & EnergyEconomy & Policy

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story


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