Jinkunlun Lithium increases production of lithium metal
2023-03-13 07:59:52 [Print]
Beijing (Asian metal) 13 Mar 23 - Jinkunlun Lithium Co., a major producer of lithium metal in China, plans to increase their output by 2t MoM to about 40t this month, a source from the company disclosed to Asian metal.
"As there are more days in March compared with those of February, our output of lithium metal would increase by about 2t this month", said the source, adding that they arrange their production based on orders they got from consumers. Given the reducing prices of lithium carbonate, they predict that the mainstream prices of Chinese industrial grade lithium metal would continue moving down in the coming week.
With an annual production capacity of 1,100t, they plan to produce about 40t this month, up by about 2t MoM. Holding around 10t for the time being, they produced about 550t and 83t last year and in the first two months of this year respectively.
Today, the prevailing prices of Chinese lithium metal 99%min, Na 0.2%max, K 0.04%max hover at RMB2,150,000-2,200,000/t (USD307,894-315,054/t) delivered D/A 180 days, down by about RMB100,000/t (USD14,321/t) from last week. The market saw few deals recently as consumers hold cautious attitudes towards the sharply downward prices. Considering the current status, insiders foresee that the mainstream prices of Chinese industrial grade lithium metal would go down in the forthcoming week.
"As there are more days in March compared with those of February, our output of lithium metal would increase by about 2t this month", said the source, adding that they arrange their production based on orders they got from consumers. Given the reducing prices of lithium carbonate, they predict that the mainstream prices of Chinese industrial grade lithium metal would continue moving down in the coming week.
With an annual production capacity of 1,100t, they plan to produce about 40t this month, up by about 2t MoM. Holding around 10t for the time being, they produced about 550t and 83t last year and in the first two months of this year respectively.
Today, the prevailing prices of Chinese lithium metal 99%min, Na 0.2%max, K 0.04%max hover at RMB2,150,000-2,200,000/t (USD307,894-315,054/t) delivered D/A 180 days, down by about RMB100,000/t (USD14,321/t) from last week. The market saw few deals recently as consumers hold cautious attitudes towards the sharply downward prices. Considering the current status, insiders foresee that the mainstream prices of Chinese industrial grade lithium metal would go down in the forthcoming week.
