Texas, USA: The US Lithium Carbonate prices have been on an upward trend in the recent weeks due to multiple factors. Initial reactions to the US election result were mixed, but overall, they appeared negative for the lithium and spodumene industries. According to sources, Trump’s policies are expected to prioritize traditional energy sources like oil, coal, and gas, and given his stance against renewable energy, outcome is anticipated to be bearish for the markets.
On the supply side, spodumene prices have been impacted by a recent surge in demand for Lithium Carbonate, largely driven by Chinese lithium producers looking to replenish their stocks. Many Chinese Lithium Carbonate producers had been operating based on orders from previous months due to weak demand and narrow margins, so their inventories are now quite low. Expectations for cathode production in China for November have been revised upwards, which has further boosted...
