According to the Commodity Market Analysis System of Shengyi Society, the price of lithium carbonate has continued to decline recently, even falling below the cost line. As of May 27th, the benchmark price of Shengyi Society’s battery grade lithium carbonate was 63466 yuan/ton, a decrease of 0.42% within 5 days, 5.46% within 10 days, and 9.03% within 30 days; The benchmark price of industrial grade lithium carbonate in Shengyi Society is 61933 yuan/ton, with a decrease of 0.75% within 5 days, 6.73% within 10 days, and 9.32% within 30 days.

Lithium salt factories move closer to salt lakes
Lithium prices continue to bottom out, and lithium salt companies are adjusting their cost structures to ensure profitability, shifting from high cost lithium mines to low-cost salt lakes.
Domestic giants such as Ganfeng Lithium and Zangge Mining have been expanding their salt lake production capacity both domestically and internationally to reduce production costs. Previously, 70000/ton was seen as the cost line for lithium carbonate prices in the industry, but as production capacity approaches salt lakes, the cost line may drop to 50000/ton.
Demand gradually slows down
Although the production and installation of power batteries have maintained high growth, the growth rate will gradually slow down due to the already high penetration rate of new energy vehicles in China.
Business Society’s lithium carbonate data analyst believes that under the situation of cost support and negative demand, lithium carbonate will continue to decline, and specific market changes still need to be monitored.