Normal
Lithium prices are in meltdown mode in China at the moment, and I gotta say, that’s not a clickbait exaggeration. The benchmark November 2024 contract for lithium carbonate on China’s GFEX exchange lost another 4.6% today in a procession that would have been even worse if not for a tiny bounce (to be fair on some decent volume) into the close. That’s a new contract low, it’s also a record low for any benchmark GFEX lithium carbonate contract since they started trading just over a year ago.[ATTACH=full]182565[/ATTACH]The benchmark November 2024 contract for lithium carbonate on China’s GFEX exchangeElsewhere, spodumene prices were down another 2.5% as per the SMM Spodumene Concentrate Index, and the Platts Australian price is down 10% in the last two trading sessions.
Lithium prices are in meltdown mode in China at the moment, and I gotta say, that’s not a clickbait exaggeration. The benchmark November 2024 contract for lithium carbonate on China’s GFEX exchange lost another 4.6% today in a procession that would have been even worse if not for a tiny bounce (to be fair on some decent volume) into the close. That’s a new contract low, it’s also a record low for any benchmark GFEX lithium carbonate contract since they started trading just over a year ago.
[ATTACH=full]182565[/ATTACH]
Elsewhere, spodumene prices were down another 2.5% as per the SMM Spodumene Concentrate Index, and the Platts Australian price is down 10% in the last two trading sessions.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
