CITIC Securities pointed out that the production reduction and suspension of Australian mines were an important reason for the last round of lithium prices to stop falling. Australian lithium mines significantly impact lithium supply due to their supply scale and flexible production and marketing strategies. The current round of Australian mine production reduction and suspension does not rule out further expansion. Possible.
Galaxy Securities analyzed that the recent suspension of production at some Australian lithium mines indicates that this round of falling lithium prices has begun to penetrate the cost line of spodumene mining companies. Suppose lithium prices fall further in the future. In that case, more solid lithium mining companies are expected to suspend production or delay the progress of new production capacity, thereby shrinking the supply side to support the bottom lithium price, completing the bottoming and clearing of the industry.
With poor lithium prices, Australian mines have reduced or suspended production to reduce their losses and boost the price of sluggish lithium carbonate.
Regarding Greenbush Mine’s move to reduce production and change its pricing model, the China Merchants Futures Research Report pointed out that the reason was that downstream market demand was lower than expected.
Due to the slowdown in global economic growth and adjustments to new energy vehicle policies in some regions, electric vehicle sales’ growth rate has slowed, resulting in a weakened demand for lithium carbonate.
The price of lithium carbonate has been on a roller coaster, falling rapidly from a peak of nearly 600,000 yuan/ton in 2022 to 180,000 yuan/ton, then temporarily stabilizing for 300,000 yuan/ton and finally entering a downward channel.
High Purity Lithium Sulfide Li2S Powder Supplier
Synthetic Chemical Technology Co. Ltd., is an established global chemical material manufacturer and supplier with over 12 years’ experience in the production of high-quality nanomaterials.
We provide Lithium Battery Anode Material, nickel-based superalloy powders such as Inconel 718, Inconel 625, CoCrMo, CoCrW and other cobalt alloy powders, Ti6Al4V and other titanium alloy powders, AlSi10Mg, AlSi7Mg and other aluminium alloy powders, SS316L, H13, 18Ni300 and other ferroalloy powders, stainless steel powder, CuSn10, etc. 3D printing powder. Contact us via message or select the desired items to send us an inquiry.(sales5@nanotrun.com)