Current price of lithium energy storage power supply in China and Africa

How much does lithium carbonate cost in China?

On March 11, Jiangxi Jiuling Lithium Co. Ltd. auctioned 120 metric tons of battery-grade lithium carbonate for 75,400 yuan per ton—just 100 yuan more than the spot price in China. These auctions suggest a small price rebound, but overall, the market remains cautious.

What are lithium price forecasts?

Lithium price forecasts are also following a downward trend. June and September prices are expected at $8,604 and $9,078 per ton. This decline can push lithium producers to make more supply cuts. They need to diligently tackle cost pressures, investments, policy changes, and global risks to stay profitable.

How much did lithium carbonate cost in 2024?

By early 2024, prices stabilized out but remained weak. But as of March 21, Platts assessed lithium carbonate (CIF North Asia) at $9,200 to $9,550 per ton. This forced several deals on hold, and some mining giants auctioned lithium for better price discovery.

Which countries are focusing on lithium production?

While some lithium producers are holding tight on supplies, some are expanding mining and refining capacities to keep up with the rising demand. Australia, Chile, and Argentina continue to lead lithium extraction, while the U.S. and Europe are working to strengthen domestic production to reduce supply chain vulnerabilities.

How is the lithium industry adjusting to falling prices?

Falling prices have forced lithium producers to scale back spending and delay projects. This is how the industry is adjusting to falling lithium prices. Chile’s SQM, the world’s second-largest lithium producer, reported a 40.9% drop in fourth-quarter profit. Despite selling more lithium in 2024, falling prices hurt earnings.

How did Lithium prices affect earnings in 2024?

Despite selling more lithium in 2024, falling prices hurt earnings. Revenue hit $1.07 billion, slightly above the $1 billion analysts expected. But with lithium prices down over 80% in two years, profits took a hit. Sales grew about 20% from last year, but lower prices wiped out the gains.