Monthly Lithium Market Report Feb 2026

Contents
1. Market Highlights 2
2. Economy and Policy 2
3. Market Movements 3
3.1 Chinese market 3
3.1.Asian Metal Copyright Market Movements 3 3.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 Copyright43% YoY in Dec 2025 14 6.Asian Metal Copyright3 Lithium hydroxide 56.Asian Metal Copyright0001%max FOB China 5 3.Asian Metal Copyright5%min, magnetic 0.0001%max Delivered D/A 3
3.1.4 Lithium metal 99%min Delivered D/A 3
3.1.Asian Metal Copyright3 Chinese lithium hydroxide monohydrate producers' stocks in February 2026 up by 14% MoM 11 5.Asian Metal Copyright5 Lithium metal 99.9%min Delivered D/A 3
3.1.6 LCO Co 60%min Delivered D/A 3
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 Copyright9%min Delivered DA 3 3.Asian Metal Copyright11 LFP Li 3.9%min Delivered D/A 4
3.2 International market 4
3.2.Asian Metal Copyright43% YoY in Dec 2025 14 6.Asian Metal Copyright2 Lithium carbonate 99.5%min CIF China 5
3.2.Asian Metal Copyright3% MoM 13 5.Asian Metal Copyright3 Lithium carbonate 99.5%min Delivered EU 5
3.2.Asian Metal Copyright2 Lithium carbonate 99.Asian Metal Copyright4 Lithium carbonate 99.Asian Metal Copyright11 LFP Li 3.Asian Metal Copyright5%min Delivered U.Asian Metal Copyright5% MoM 16 5.Asian Metal CopyrightS. 5
3.2.Asian Metal Copyright7% YoY 8 5.Asian Metal Copyright5 Lithium carbonate 99.5%min FOB South America 5
3.2.Asian Metal Copyright4 China's LNCMO sales volume in February 2026 down by 35% MoM 14 5.Asian Metal Copyright6 Lithium hydroxide monohydrate 56.Asian Metal Copyright9 LNCMO 8312 Delivered DA 4 3.Asian Metal Copyright5%min, magnetic 0.0001%max FOB China 5
3.2.Asian Metal Copyright3% MoM 13 5.Asian Metal Copyright7 Lithium hydroxide monohydrate 56.Asian Metal Copyright5.Asian Metal Copyright5%min, magnetic 0.0001%max Delivered South Korea 5
4. Company news 6
5 Producers Metrics: 8
5.1 Lithium carbonate 99.2%min 8
5.1.Asian Metal Copyright3 Chinese lithium hydroxide monohydrate producers' stocks in February 2026 up by 14% MoM 11 5.Asian Metal Copyright1 Chinese industrial grade lithium carbonate producers' operating rate in February 2026 down by 10.07% YoY 8
5.1.Asian Metal CopyrightContents 1.Asian Metal Copyright2 China's industrial grade lithium carbonate output in February 2026 down by 9.7% YoY 8
5.1.Asian Metal Copyright7 Lithium hydroxide monohydrate 56.Asian Metal Copyright3 Chinese industrial grade lithium carbonate producers' stocks in February 2026 up by 10.25% MoM 8
5.1.Asian Metal Copyright3% MoM 13 5.Asian Metal Copyright4 Chinese industrial grade lithium carbonate producers' sales volume in February 2026 down by 12.6% MoM 9
5.2 Lithium carbonate 99.5%min 9
5.2.Asian Metal Copyright1.Asian Metal Copyright1 Chinese battery grade lithium carbonate producers' operating rate in February 2026 down by 4.25% MoM 9
5.2.Asian Metal CopyrightContents 1.Asian Metal Copyright2 China's battery grade lithium carbonate output in February 2026 down by 2.6% MoM 9
5.2.Asian Metal Copyright5%min, magnetic 0.Asian Metal Copyright3 China's battery grade lithium carbonate stocks in February 2026 up by 7.2% YoY 10
5.2.Asian Metal Copyright6.Asian Metal Copyright4 China's battery grade lithium carbonate sales volume in February 2026 down by 4.44% MoM 10
5.3 Lithium hydroxide 10
5.3.Asian Metal Copyright6 LMO 14 5.Asian Metal Copyright1 Chinese lithium hydroxide monohydrate producers' operating rate in February 2026 down by 28.3% MoM 10
5.3.Asian Metal Copyright9%min Delivered DA 3 3.Asian Metal Copyright2 China's lithium hydroxide monohydrate output in February 2026 down by 28.3% YoY 11
5.3.3 Chinese lithium hydroxide monohydrate producers' stocks in February 2026 up by 14% MoM 11
5.3.Asian Metal Copyright6 LMO 14 5.Asian Metal Copyright4 Chinese lithium hydroxide monohydrate producers' sales volume in February 2026 down by 35.68% MoM 11
5.4 LCO 12
5.4.Asian Metal Copyright9 LNCMO 8312 Delivered DA 4 3.Asian Metal Copyright1 Chinese LCO producers' operating rate in February 2026 down by 34.2% YoY 12
5.4.Asian Metal Copyright1.Asian Metal Copyright2 China's LCO output in February 2026 down by 34.2% YoY 12
5.4.Asian Metal Copyright7.Asian Metal Copyright3 China's LCO stocks in February 2026 down by 74.76%MoM 12
5.4.Asian Metal Copyright1.Asian Metal Copyright4 China's LCO sales volume in February 2026 down by 9.3% MoM 13
5.5 LNCMO 13
5.5.Asian Metal Copyright6.Asian Metal Copyright1 Chinese LNCMO producers' operating rate in February 2026 down by 15.26% YoY 13
5.5.Asian Metal Copyright2 China's LNCMO output in February 2026 down by 15.Asian Metal Copyright2 China's LNCMO output in February 2026 down by 15.27% YoY 13
5.5.4 China's LNCMO sales volume in February 2026 down by 35% MoM 14
5.6 LMO 14
5.6.Asian Metal Copyright Market Highlights 2 2.Asian Metal Copyright1 Chinese LMO producers' operating rate in February 2026 down 34.3% MoM 14
5.6.2 China's LMO output in February 2026 down by 40% MoM 14
5.6.3 China's LMO inventory in February 2026 up by 45% MoM 15
5.6.4 China's LMO sales volume in February 2026 down by 45% MoM 15
5.7 LFP 15
5.7.Asian Metal Copyright3 Lithium carbonate 99.Asian Metal Copyright1 Chinese LFP producers' operating rate in February 2026 down by 11.43% YoY 15
5.7.Asian Metal Copyright2%min 8 5.Asian Metal Copyright2 China's LFP output in February 2026 up by 32.65% MoM 16
5.7.Asian Metal Copyright4 LCO 12 5.Asian Metal Copyright3 China's LFP inventory in February 2026 up by 48.5% MoM 16
5.7.Asian Metal Copyright8 LNCMO 613 Delivered DA 4 3.Asian Metal Copyright4 China's LFP sales volume in February 2026 up by 30.2% MoM 16

6. Customs Statistics 14
6.1 China's lithium carbonate import volume declined 14.43% YoY in Dec 2025 14
6.2 China's lithium carbonate export volume grew 45.97% YoY in Dec 2025 15
6.3 China's lithium hydroxide export volume increased 88.23% MoM in Dec 2025 15
.Asian Metal Copyright68% MoM 11 5Asian Metal Copyright