GMM 0.00% 65.5¢ general mining corporation limited

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    Information from:http://www.asianmetal.com/news/data/1272474/Lithium market summary Dec 21-25

    Chinese lithium carbonate 99.5%min price trend from
    2015-12-11 to 2015-12-25(RMB/mt)
    Lithium carbonate 99.5%min remained tight in Chinese
    spot market and major producers have stopped offering
    without any inventories. The mainstream price of lithium
    carbonate 99.5%min kept at between RMB125,000/t
    (USD19,290/t) and RMB130,000/t (USD20,062/t) this
    week, but the price has been pushed up to
    RMB140,000-150,000/t (USD21,605-23,148/t) in the spot
    market. Some traders even raised their offers to
    RMB160,000/t (USD24,691/t) with amount less than 5t
    usually.
    Lithium carbonate 99%min price kept steady at around
    RMB100,000/t (USD15,432/t) this week. Most producers
    have stopped offering, but further purified it to lithium
    carbonate 99.5%min. As the inventories continued to
    decrease in Qinghai during the seasonal shut-down,
    lithium carbonate 99%min will keep tight and the price is
    likely to keep the upward tendency.
    Chinese lithium hydroxide monohydrate 56.5%min Na
    0.008%max price trend from 2015-12-11 to 2015-12-25

    Prices of lithium hydroxide Na 0.002%max and Na
    0.008%max rose to RMB120,000/t (USD18,519/t) and
    RMB100,000/t (USD15,432/t) respectively this week, following the markup of lithium carbonate. Two of three major lithium hydroxide producers in China cut their output by more than 50% due to the shortage of spodumene. The other one has very regular clients with deals by
    long-termed contracts. The supply of lithium hydroxide will become tighter in the spot market.

    Market outlook
    Lithium carbonate 99.5%min Trend↑ Chance 80% Range
    +10,000


    Major producers kept their lithium carbonate 99.5%min
    price at RMB125,000-130,000/t (USD19,290-20,062/t), but
    traders raised the price to RMB135,000-140,000/t
    (USD20,833-21,605/t) in the spot market this week. As
    one of the major producers in China will start equipment
    maintenance for 20 days in next January, lithium
    carbonate 99.5%min supply will become tighter next
    month. It’s estimated that lithium carbonate 99.5%min
    price will increase by RMB10,000/t (USD1,543/t) at least in
    the coming two weeks
 
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