Monthly Lithium Market Report March 2019

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Three departments jointly confirm VAT rate reduction and export tariff reimbursement adjustment 3
2.2 China announces new NEV subsidy policy 3
2.3 China.Asian Metal Copyright1.Asian Metal Copyright U.Asian Metal Copyright5%min from Feb 2019 to Mar 2019 RMBt 3 Graph 2 Price trend of Chinese lithium carbonate 99%min from Feb 2019 to Mar 2019 RMBt 4 Graph 3 Price trend of Chinese lithium hydroxide monohydrate 56.Asian Metal CopyrightS. have 8th and 9th rounds of trade talk 3
3. Market Movements 3
3.1 Chinese market 3
3.1.1 Prices for battery grade lithium carbonate stabilize and prices for industrial grade lithium carbonate prices down slightly 3
3.1.2 Lithium hydroxide prices go down 4
3.1.3 Prices for lithium chloride down dramatically 4
3.1.4 Prices for lithium metal down further 4
3.1.5 LCO prices down 5
3.1.6 Prices for Chinese LNCMO down slightly 5
3.1.7 Prices for lithium manganese oxide down 6
3.2 International market 6
3.2.1 Spodumene CIF prices up 6
3.2.2 Lithium carbonate CIF prices down 7
3.2.3 FOB prices for Chinese lithium hydroxide down 7
4. Company News 7
4.1 Yanshan Steel to construct 40,000tpy lithium carbonate/lithium hydroxide project 7
4.2 Hebei Tianyuan Lithium encounters difficulty in putting lithium carbonate into production 7
4.3 HXR Lithium Tech to run new lithium carbonate production line in May  7
4.4 Chemphys Chemical Industry to soon finish technical renovation on lithium hydroxide production line 8
4.5 Tianqi Lithium commences maintenance on lithium carbonate production lines 8
4.6 Lake Lithium to undertake maintenance on lithium carbonate production line 8
4.7 Tibet Minerals to suspend lithium hydroxide monohydrate and lithium carbonate production for maintenance 8
4.8 Beidouxing New Materials releases LMO production capacity 8
4.9 Minmetals Salt Lake releases lithium carbonate production capacity 8
5. Producers Statistics 9
5.1 China's lithium carbonate output up by 30.9% MOM in Mar 9
5.2 China's lithium hydroxide output up by 15.4% MOM in Mar 9
5.3 China's LCO output up by 13.2% MOM in Mar 9
5.4 China's LNCMO output down by 11.8% MOM in Mar 9
6. Relevant Industry News 10
6.1 3C electronics market 10
6.2 Power car market 10
6.3 Aerospace and medicine industries 10
7. Market Outlook for Next Month 10
7.1 Spodumene 10
7.2 Lithium carbonate 10
7.3 Lithium hydroxide 10
7.4 Lithium chloride 10
7.5 Lithium metal 10
7.6 LCO 10
7.7 LNCMO 11
7.8 Lithium manganese oxide 11

Graphs
Graph 1 Price trend of Chinese lithium carbonate 99.5%min from Feb 2019 to Mar 2019 (RMB/t) 3
Graph 2 Price trend of Chinese lithium carbonate 99%min from Feb 2019 to Mar 2019 (RMB/t) 4
Graph 3 Price trend of Chinese lithium hydroxide monohydrate 56.5%min, magnetic substance 0.0001max from Feb 2019 to Mar 2019 (RMB/t) 4
Graph 4 Price trend of Chinese lithium hydroxide 56.5%min from Feb 2019 to Mar 2019 (RMB/t) 4
Graph 5 Price trend of Chinese lithium chloride LiCl 99.3%min from Feb 2019 to Mar 2019 (RMB/t) 4
Graph 6 Price trend of Chinese lithium metal 99.9%min from Feb 2019 to Mar 2019 (RMB/t) 5
Graph 7 Price trend of Chinese lithium metal 99%min from Feb 2019 to Mar 2019 (RMB/t) 5
Graph 8 Price trend of Chinese lithium cobaltate 60%min from Feb 2019 to Mar 2019 (RMB/kg) 5
Graph 9 Price trend for Chinese LNCMO 523 from Feb 2019 to Mar 2019 (RMB/kg) 5
Graph 10 Price trend for Chinese NCM precursor 523 precursor from Feb 2019 to Mar 2019 (RMB/t) 6
Graph 11 Price trend for Chinese LNCMO 622 from Feb 2019 to Mar 2019 (RMB/kg) 6
Graph 12 Price trend for Chinese NCM precursor 622 from Feb 2019 to Mar 2019 (RMB/kg) 6
Graph 13 Price trend of Chinese lithium manganese oxide 58%min from Feb 2019 to Mar 2019 (RMB/t) 6
Graph 14 CIF price trend of spodumene 5-6% in China from Feb 2019 to Mar 2019 (USD/t) 6
Graph 15 CIF price trend for lithium carbonate 99.5%min in China from Feb 2019 to Mar 2019 (USD/kg) 7
Graph 16 FOB price trend for Chinese lithium hydroxide monohydrate 56.5%min, magnetic substance 0.0001max from Feb 2019 to Mar 2019 (USD/kg) 7
Graph 17 China's battery grade lithium carbonate output from Jan 2018 to Mar 2019 by month (t) 9
Graph 18 China's industrial grade lithium carbonate output from Jan 2018 to Mar 2019 by month (t) 9
Graph 19 China's monthly output of lithium hydroxide from Jan 2018 to Mar 2019 (t) 9
Graph 20 China's LCO output from Jan 2018 to Mar 2019 (ton) 9
Graph 21 China's LNCMO output from Jan 2018 to Mar 2019 (ton) 9


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