Spodumene

• China’s imports declined in February
• Imports from Australia, dropped significantly due to low prices and demand.
• African imports surged, indicating a potential shift in China’s sourcing strategy.

Lithium Carbonate

• Lithium carbonate supply decreased month-on-month but increased year-on-year.
• Reduced production due to Chinese New Year and annual LCE plant maintenance, impacted supply.
• January-February: Cumulative figures show a surplus.
• Lithium prices bounced.
• Oversupply remains a factor, putting a ceiling on lithium prices.