According to the Commodity Market Analysis System of Shengyi Society, on November 10th, the price of lithium carbonate increased significantly. The benchmark price of battery grade lithium carbonate was 83200 yuan/ton, up 4.92% from the previous day, and the benchmark price of industrial grade lithium carbonate was 81433 yuan/ton, up 5.03% from the previous day.
Explosive demand side: Strong driving force in the battery and energy storage fields
The concentrated outbreak of demand for downstream new energy vehicles and energy storage industries is the core driving force behind this price increase. Since 2025, the prices of the midstream industry chain of new energy vehicles have gradually stabilized and the supply and demand structure has improved, and a new upward cycle is expected to start. At the same time, the demand growth potential in the energy storage field is enormous, and the growth rate of energy storage demand is expected to reach 50% by 2026.
The rapid growth of demand has directly driven the purchasing enthusiasm of the upstream and downstream of the lithium battery industry chain. Electrolyte manufacturers have significantly increased their procurement of raw materials such as lithium carbonate to meet production needs, forming strong demand support and driving up prices.
Supply side tension: lithium mine resumption falls short of expectations, exacerbating the gap
The tight situation on the supply side has further amplified the price increase, with the key factor being the slower than expected resumption of production at Jiangxi Jianxiawo Lithium Mine. The lithium assessment report results were lower than expected and the relevant approvals have not yet been implemented. The delay in resuming production has significantly increased the market’s expectation of tight supply of lithium carbonate.
Industrial chain transmission: the linkage effect of the skyrocketing price of lithium hexafluorophosphate
The significant increase in prices of products related to the lithium battery industry chain has formed a linkage effect, further driving up the price of lithium carbonate. The price of lithium hexafluorophosphate has risen by as much as 99% in just over a month, reaching a recent high. The core driving force behind the significant increase in the price of lithium hexafluorophosphate is the explosive demand for downstream new energy vehicles and energy storage industries, which has led to a significant increase in the purchasing volume of electrolyte manufacturers.
As a key raw material for lithium battery electrolytes, the skyrocketing price of lithium hexafluorophosphate reflects the strong demand for downstream lithium battery production, which is transmitted to the upstream lithium carbonate link, further strengthening the market demand expectation for lithium carbonate and causing the price to skyrocket.
Business Society’s lithium carbonate data analyst believes that against the backdrop of favorable factors on both the supply and demand sides and a linked rise in industry chain prices, lithium carbonate prices have skyrocketed, and it is expected that lithium carbonate prices will maintain a strong trend in the short term.
| http://www.polyvinylalcohols.com |