by the expected contraction of supply, the price of "white oil" lithium carbonate returned to the 80 thousand yuan/ton mark. As of July 25, the main contract of lithium carbonate futures on the Guangzhou Futures Exchange (LC2509) closed at a 80520 of yuan/ton, a five-month high.
Spot data show that as of July 25, the price of battery-grade lithium carbonate was 72,900 yuan/ton, up 21% from the same period last year. "Previously, when the price fell below 60000 yuan/ton, many enterprises in the upstream of lithium power have experienced serious cost inversion, and now the price has risen to near the cost line, and the enthusiasm of enterprises to start has been better restored.".
In addition, the demand side "off-season is not weak" also further boosted the price of lithium carbonate.
Riding Federation data show that from July 1 to July 20, 537000 new energy passenger cars were sold nationwide, up 23% year-on-year.