Monthly Lithium Market Report Nov 2025

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Guangxi boosts nonferrous and critical metals industry 3
3. Market Movements 3
3.1 Chinese market 3
3.1.Asian Metal Copyright0001%max Delivered South Korea 6 4.Asian Metal Copyright1 Lithium carbonate 99.2%min Delivered D/P 3
3.1.Asian Metal Copyright1.Asian Metal Copyright2 Lithium carbonate 99.5%min Delivered D/A 3
3.1.Asian Metal Copyright7 LFP 15 5.Asian Metal Copyright3 Lithium hydroxide 56.Asian Metal Copyright6.Asian Metal Copyright5%min, magnetic 0.0001%max Delivered D/A 3
3.1.4 Lithium metal 99%min Delivered D/A 4
3.1.Asian Metal Copyright1.Asian Metal Copyright5 Lithium metal 99.9%min Delivered D/A 4
3.1.6 LCO Co 60%min Delivered D/A 4
3.1.7 LNCMO 523 Delivered D/A 4
3.1.8 LNCMO 613 Delivered D/A 4
3.1.9 LNCMO 8312 Delivered D/A 4
3.1.10 LMO 58%min Delivered D/A 4
3.1.Asian Metal Copyright23% YoY 10 5.Asian Metal Copyright11 LFP Li 3.9%min Delivered D/A 5
3.2 International market 5
3.2.Asian Metal Copyright2%min 7 5.Asian Metal Copyright2 Lithium carbonate 99.5%min CIF China 5
3.2.Asian Metal Copyright7.Asian Metal Copyright3 Lithium carbonate 99.5%min Delivered EU 5
3.2.Asian Metal Copyright76% MoM 16 .Asian Metal Copyright4 Lithium carbonate 99.Asian Metal Copyright67% YoY 11 5.Asian Metal Copyright5%min Delivered U.Asian Metal Copyright11% YoY 15 5.Asian Metal CopyrightS. 5
3.2.Asian Metal Copyright1.Asian Metal Copyright5 Lithium carbonate 99.5%min FOB South America 5
3.2.Asian Metal Copyright23% YoY 10 5.Asian Metal Copyright6 Lithium hydroxide monohydrate 56.Asian Metal Copyright6 LMO 13 5.Asian Metal Copyright5%min, magnetic 0.0001%max FOB China 6
3.2.Asian Metal Copyright37% YoY 13 5.Asian Metal Copyright7 Lithium hydroxide monohydrate 56.Asian Metal Copyright1.Asian Metal Copyright5%min, magnetic 0.0001%max Delivered South Korea 6
4. Company news 6
5 Producers Metrics: 7
5.1 Lithium carbonate 99.2%min 7
5.1.Asian Metal Copyright Market Movements 3 3.Asian Metal Copyright1 Chinese industrial grade lithium carbonate producers' operating rate in November 2025 down by 14.89% YoY 7
5.1.Asian Metal Copyright3.Asian Metal Copyright2 China's industrial grade lithium carbonate output in November 2025 up by 23.69% YoY 7
5.1.Asian Metal Copyright5%min, magnetic 0.Asian Metal Copyright3 Chinese industrial grade lithium carbonate producers' stocks in November 2025 up by 34.24% MoM 8
5.1.Asian Metal Copyright37% YoY 13 5.Asian Metal Copyright4 Chinese industrial grade lithium carbonate producers' sales volume in November 2025 up by 17.98% MoM 8
5.2 Lithium carbonate 99.5%min 8
5.2.Asian Metal Copyright4 China's battery grade lithium carbonate sales volume in November 2025 keep stable MoM 9 5.Asian Metal Copyright1 Chinese battery grade lithium carbonate producers' operating rate in November 2025 up by 0.94% MoM 8
5.2.Asian Metal Copyright6.Asian Metal Copyright2 China's battery grade lithium carbonate output in November 2025 up by 0.95% MoM 9
5.2.Asian Metal Copyright 5 3.Asian Metal Copyright3 China's battery grade lithium carbonate stocks in November 2025 up by 4.27% YoY 9
5.2.4 China's battery grade lithium carbonate sales volume in November 2025 keep stable MoM 9
5.3 Lithium hydroxide 10
5.3.Asian Metal Copyright 5 3.Asian Metal Copyright1 Chinese lithium hydroxide monohydrate producers' operating rate in November 2025 down by 2.24% MoM 10
5.3.Asian Metal Copyright5.Asian Metal Copyright2 China's lithium hydroxide monohydrate output in November 2025 down by 2.23% YoY 10
5.3.Asian Metal Copyright5%min FOB South America 5 3.Asian Metal Copyright3 Chinese lithium hydroxide monohydrate producers' stocks in November 2025 up by 25.6% MoM 10
5.3.Asian Metal Copyright0001%max Delivered South Korea 6 4.Asian Metal Copyright4 Chinese lithium hydroxide monohydrate producers' sales volume in November 2025 up by 25.6% MoM 11
5.4 LCO 11
5.4.Asian Metal Copyright37% YoY 13 5.Asian Metal Copyright1 Chinese LCO producers' operating rate in November 2025 up by 1.87% YoY 11
5.4.Asian Metal Copyright1.Asian Metal Copyright2 China's LCO output in November 2025 up by 4.67% YoY 11
5.4.3 China's LCO stocks in November 2025 stable MoM 12
5.4.Asian Metal Copyright1 Guangxi boosts nonferrous and critical metals industry 3 3.Asian Metal Copyright4 China's LCO sales volume in November 2025 up by 1.1% MoM 12
5.5 LNCMO 12
5.5.Asian Metal Copyright1 Chinese LMO producers' operating rate in November 2025 up by 3.Asian Metal Copyright1 Chinese LNCMO producers' operating rate in November 2025 up by 0.77% YoY 12
5.5.Asian Metal Copyright3 China's battery grade lithium carbonate stocks in November 2025 up by 4.Asian Metal Copyright2 China's LNCMO output in November 2025 up by 0.76% YoY 12
5.5.Asian Metal Copyright Market Highlights 3 2.Asian Metal Copyright3 China's LNCMO inventory in November 2025 up by 18.37% YoY 13
5.5.Asian Metal Copyright6 LMO 13 5.Asian Metal Copyright4 China's LNCMO sales volume in November 2025 up by 11.67% MoM 13
5.6 LMO 13
5.6.Asian Metal Copyright89% YoY 7 5.Asian Metal Copyright1 Chinese LMO producers' operating rate in November 2025 up by 3.15% YoY 13
5.6.Asian Metal Copyright2.Asian Metal Copyright2 China's LMO output in November 2025 up by 3.17% MoM 14
5.6.Asian Metal Copyright9 LNCMO 8312 Delivered DA 4 3.Asian Metal Copyright3 China's LMO inventory in November 2025 down by 9.75% times YoY 14
5.6.Asian Metal Copyright94% MoM 8 5.Asian Metal Copyright4 China's LMO sales volume in November 2025 up by 3.11% MoM 14
5.7 LFP 15
5.7.Asian Metal Copyright21% MoM 15 5.Asian Metal Copyright1 Chinese LFP producers' operating rate in November 2025 up by 0.05% YoY 15
5.7.Asian Metal Copyright77% YoY 12 5.Asian Metal Copyright2 China's LFP output in November 2025 up by 1.11% YoY 15
5.7.Asian Metal Copyright7.Asian Metal Copyright3 China's LFP inventory in November 2025 down by 50.21% MoM 15
5.7.Asian Metal Copyright4 China's LMO sales volume in November 2025 up by 3.Asian Metal Copyright4 China's LFP sales volume in November 2025 down by 3.76% MoM 16


.Asian Metal Copyright8 LNCMO 613 Delivered DA 4 3Asian Metal Copyright