Welcome to the August 2019 edition of the lithium miner news. This past month saw lithium prices continue to fall due to lithium oversupply, not helped by a slowdown in Chinese electric car sales in July (after the subsidy removal). In response, Albemarle (ALB) announced it will delay its expansion plans.
Lithium spot and contract price news
During August, 99% lithium carbonate China spot prices were down 7.38%. Spodumene (5% min) prices were down 2.07%.
Fastmarkets (formerly Metal Bulletin) reports 99.5% lithium carbonate battery grade spot midpoint prices cif China, Japan & Korea