Chinese lithium producers set price floor as demand evaporates

31 March 2023, 3:14 pm 1 minute

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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