Davide Ghilotti, Martim Facada, Cameron Perks, Carrie Shi
he spot price for battery-grade lithium carbonate (min 99.5% Li2CO3) remained at 145,000-150,000 yuan per tonne* ($23,093-23,890) on Thursday April 12, according to Industrial Minerals’ market assessment. “Suppliers informed me that prices may increase if the halt in magnesite mining continues, so I will keep watching the market direction for a while.” Because most exporters have kept their export prices unchanged while the halt in magnesite mining continues, Industrial Minerals’ price assessments for caustic calcined magnesia (CCM), dead burned magnesia (DBM) and fused magnesia (FM) were stable in the week ended Friday April 27.The price of CCM 90-92% MgO fob China held at $180-220 per tonne on Tuesday April 24, and the price of DBM 97.5% MgO stayed at $1,100-1,400 per tonne fob China.
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