Monthly Lithium Market Report Feb 2021

1. Market Highlights 3
2. Economy and Policy 3
2.1 Chinese Economy and Policy 3
3. Market Movements 3
3.1 Chinese market 3
3.1.1 Delivered prices for lithium carbonate 99%min 3
3.1.Asian Metal Copyright2.Asian Metal Copyright2 Delivered prices for lithium carbonate 99.5%min 3
3.1.Asian Metal Copyright1.Asian Metal Copyright3 Delivered prices for lithium hydroxide 56.5%min 3
3.1.Asian Metal Copyright1.Asian Metal Copyright4 Delivered prices for lithium hydroxide 56.Asian Metal Copyright3 Delivered prices for lithium hydroxide 56.Asian Metal Copyright5%min, magnetic substance 0.0001%max 4
3.1.Asian Metal Copyright5 LNCMO 14 5.Asian Metal Copyright5 Delivered prices for lithium chloride 99.3%min 4
3.1.6 Delivered prices for lithium metal 99%min 4
3.1.Asian Metal Copyright1.Asian Metal Copyright7 Delivered prices for lithium metal 99.9%min 4
3.1.8 Delivered prices for LCO Co 60%min 5
3.1.9 Delivered prices for LNCMO 523 5
3.1.10 Delivered prices for LNCMO 622 5
3.1.11 Delivered prices for LMO 58%min 5
3.1.Asian Metal Copyright1.Asian Metal Copyright12 Delivered prices for LFP 3.9%min 6
3.2 International market 6
3.2.Asian Metal Copyright1 Delivered prices for lithium carbonate 99%min 16 8.Asian Metal Copyright2 CIF China prices for lithium carbonate 99.5%min 6
3.2.Asian Metal Copyright7 BYD to increase capital of three subsidiaries 8 4.Asian Metal Copyright3 CIF Europe prices for lithium carbonate 99.5%min 6
3.2.Asian Metal Copyright5%min 16 8.Asian Metal Copyright4 CIF U.Asian Metal Copyright2.Asian Metal CopyrightS.Asian Metal Copyright1.Asian Metal Copyright prices for lithium carbonate 99.5%min 7
3.2.Asian Metal Copyright2 CIF China prices for lithium carbonate 99.Asian Metal Copyright5 FOB South America prices for lithium carbonate 99.5%min 7
3.2.Asian Metal Copyright7 CIF South Korea prices for lithium hydroxide monohydrate 56.Asian Metal Copyright6 FOB China prices for lithium hydroxide monohydrate 56.Asian Metal Copyright8 Albemarle expects recovery in lithium products sales 8 4.Asian Metal Copyright5%min, magnetic substance 0.0001%max 7
3.2.Asian Metal Copyright5%min CIF China prices 17 8.Asian Metal Copyright7 CIF South Korea prices for lithium hydroxide monohydrate 56.Asian Metal Copyright1 Chinese LCO producers' operating rate down in Feb 2021 down by 5.Asian Metal Copyright5%min, magnetic substance 0.0001%max 7
4. Company new 8
4.1 SK Innovation to build third EV battery plant in Hungary 8
4.2 Construction of Jiangsu CATL Power & Energy Storage Lithium-Ion Battery Research and Production Project (Phase Four) launched 8
4.3 Volkswagen puts power battery recycling pilot plant into formal operation 8
4.4 CATL to build three battery projects 8
4.5 Asianstar receives RMB100 million government NEV subsidy 8
4.6 King Long Motor receives RMB318 million government NEV subsidy 8
4.7 BYD to increase capital of three subsidiaries 8
4.8 Albemarle expects recovery in lithium products sales 8
4.9 American Lithium reaches agreement to acquire Plateau Energy Metals 9
4.10 Wesfarmers and SQM approve final investment decision on Mt. Holland Lithium Project 9
4.11 Hyundai taps CATL and SK Innovation to supply batteries for E-GMP 9
4.12 Samsung SDI to invest $849m to expand EV battery plant in Hungary 9
4.13 Volve and Geely reach merger deal 9
4.14 Ganfeng Lithium plans to issue H-shares to expand overseas lithium resources projects 9
4.15 Orocobre forecasts higher lithium prices as market outlook brightens 9
5. Producers Statistics 9
5.1 Lithium carbonate 9
5.1.1 Chinese industrial grade lithium carbonate producers' operating rate in Feb 2021 level off 9
5.1.2 China's industrial grade lithium carbonate output in Feb 2021 unchanged 10
5.1.Asian Metal Copyright2 Lithium carbonate 99.Asian Metal Copyright3 Chinese industrial grade lithium carbonate producers' stocks in Feb 2021 down by 59.2% YOY 10
5.2.Asian Metal Copyright0001%max 7 4.Asian Metal Copyright1 Chinese battery grade lithium carbonate producers' operating rate in Feb 2021 down by 2.26% 10
Graph 26 China lithium carbonate 99.5%min producers' operating rate statistics by month from Feb 2020 to Feb 2021 (%) 11
5.2.2 China's battery grade lithium carbonate output in Feb 2021 down by 5% MoM 11
5.3 Lithium hydroxide 12
5.3.Asian Metal Copyright0001%max 16 8.Asian Metal Copyright1 Chinese lithium hydroxide monohydrate producers' operating rate in Feb 2021 down by 4.32% MOM 12
5.3.Asian Metal Copyright2% MoM 14 5.Asian Metal Copyright2 China's lithium hydroxide monohydrate output in Feb 2021 down by 6.4% MOM 12
5.3.Asian Metal Copyright5 Delivered prices for lithium chloride 99.Asian Metal Copyright3 Chinese lithium hydroxide monohydrate producers' stocks in Feb 2021 down by 12.8% MoM 13
5.4 LCO 13
5.4.Asian Metal Copyright32% MOM 12 5.Asian Metal Copyright1 Chinese LCO producers' operating rate down in Feb 2021 down by 5.5% MoM 13
5.4.Asian Metal Copyright0001%max 17 .Asian Metal Copyright2 China's LCO output in Feb 2021 down by 7.2% MoM 14
5.4.Asian Metal Copyright2 China's battery grade lithium carbonate output in Feb 2021 down by 5% MoM 11 5.Asian Metal Copyright3 China's LCO stocks in Feb 2021 up by 5.5% MOM 14
5.5 LNCMO 14
5.5.Asian Metal Copyright2 China's LNCMO output in Feb 2021 down by 10% MoM 15 5.Asian Metal Copyright1 Chinese LNCMO producers' operating rate in Feb 2021 down by 4.87% MoM 14
5.4.2 China's LNCMO output in Feb 2021 down by 10% MoM 15
5.4.Asian Metal Copyright4 LCO 13 5.Asian Metal Copyright3 China's LNCMO inventory in Feb 2021 slides by 15.9% MoM 15
7 Relevant Industry News 16
7.1 3C electronics market 16
7.2 Power car market 16
7.3 Aerospace and medicine industries 16
8. Market Outlook for Next Month 16
8.1 Chinese market 16
8.1.1 Delivered prices for lithium carbonate 99%min 16
8.1.Asian Metal Copyright7 Delivered prices for lithium metal 99.Asian Metal Copyright2 Delivered prices for lithium carbonate 99.5%min 16
8.1.Asian Metal Copyright7 CIF South Korea prices for lithium hydroxide monohydrate 56.Asian Metal Copyright3 Delivered prices for lithium hydroxide 56.5%min 16
8.1.Asian Metal Copyright1 Spodumene 6%min CIF China prices 17 8.Asian Metal Copyright4 Delivered prices for lithium hydroxide 56.Asian Metal Copyright5.Asian Metal Copyright5%min, magnetic substance 0.0001%max 16
8.1.Asian Metal Copyright1.Asian Metal Copyright5 Delivered prices for lithium chloride 99.3%min 16
8.1.6 Delivered prices for lithium metal 99%min 16
8.1.Asian Metal Copyright Economy and Policy 3 2.Asian Metal Copyright7 Delivered prices for lithium metal 99.5%min 16
8.1.8 Delivered prices for LCO Co 60%min 16
8.1.9 Delivered prices for LNCMO 523 16
8.1.10 Delivered prices for LNCMO 622 16
8.1.11 Delivered prices for LMO 58%min 16
8.1.Asian Metal Copyright8% MoM 13 5.Asian Metal Copyright12 Delivered prices for LFP 3.9%min 16
8.2 International market 17
8.2.1 Spodumene 6%min CIF China prices 17
8.2.Asian Metal Copyright Market Movements 3 3.Asian Metal Copyright2 Lithium carbonate 99.5%min CIF China prices 17
8.2.Asian Metal Copyright1.Asian Metal Copyright3 Lithium carbonate 99.5%min CIF Europe prices 17
8.2.Asian Metal Copyright12 Samsung SDI to invest $849m to expand EV battery plant in Hungary 9 4.Asian Metal Copyright4 Lithium carbonate 99.Asian Metal Copyright1.Asian Metal Copyright5%min CIF U.Asian Metal Copyright2.Asian Metal CopyrightS. prices 17
8.2.Asian Metal Copyright5%min CIF China prices 17 8.Asian Metal Copyright5 Lithium carbonate 99.5%min FOB South America prices 17
8.2.Asian Metal Copyright1 Delivered prices for lithium carbonate 99%min 3 3.Asian Metal Copyright6 FOB China prices for monohydrate 56.Asian Metal Copyright5%min 3 3.Asian Metal Copyright5%min, magnetic substance 0.0001%max 17
8.2.Asian Metal Copyright4 Lithium carbonate 99.Asian Metal Copyright7 CIF South Korea prices for lithium hydroxide monohydrate 56.Asian Metal Copyright3 China's LNCMO inventory in Feb 2021 slides by 15.Asian Metal Copyright5%min, magnetic substance 0.0001%max 17




.Asian Metal Copyright1Asian Metal Copyright