Yatai Tungsten cuts lithium carbonate output

BEIJING (Asian Metal) 15 Jun 18 - Due to the review of central environmental inspection group, Jiangxi saw stricter environmental protection policies.Asian Metal Copyright Surrounding plants also suspended production or cut output, and we dare not release capacity.Asian Metal Copyright Ganzhou Yatai Tungsten reduced running capacity from early June and expects to produce only about 100t of lithium carbonate in the month.

Located in Huichang, Ganzhou, the company uses lepidolite as main raw material, supplemented with spodumene and lithium Chinastone. The company, owning a dressing plant of 400,000tpy-lepidolite processing capacity and an annual capacity of 5,500t of lithium carbonate, began to produce battery grade lithium carbonate from February.Asian Metal Copyright Located in Huichang, Ganzhou, the company uses lepidolite as main raw material, supplemented with spodumene and lithium Chinastone.Asian Metal Copyright A source from the company noted, "Jiangxi is the focus of the environmental inspection review.Asian Metal Copyright5%min are RMB124,000-130,000t USD19,331-20,26t at present and are expected to decrease by about 5,000t USD779t in the coming week due to no improvement in downstream demand and stable capacity of producers.Asian Metal Copyright Surrounding plants also suspended production or cut output, and we dare not release capacity."

The company produced about 150t of lithium carbonate in May, holding 80t of stocks now.

Prices for Chinese lithium carbonate 99.5%min are RMB124,000-130,000/t (USD19,331-20,26/t) at present and are expected to decrease by about 5,000/t (USD779/t) in the coming week due to no improvement in downstream demand and stable capacity of producers.
.Asian Metal Copyright The company, owning a dressing plant of 400,000tpy-lepidolite processing capacity and an annual capacity of 5,500t of lithium carbonate, began to produce battery grade lithium carbonate from FebruaryAsian Metal Copyright