Mining supply pressure gradually emerges, lithium carbonate continues its downward trend
2026-11-04 16:40:00
According to CoinMeta, a research report released by Guotou Futures indicates that the shipment of overseas lithium mines continues to be realized, with resources from Australia and Africa gradually arriving at ports in China. Domestic port and trade inventory maintains an upward trend, and the supply of available spot goods is increasing. The supply pressure from the mining side is gradually becoming apparent. The price difference between industrial carbon and lithium carbonate has narrowed to 3,300 yuan, with inventory decreasing by 10,000 tons last week to 51,000 tons. Downstream inventory decreased by 900 tons to 29,000 tons, smelter inventory increased slightly by 200 tons to 7,600 tons, and trader inventory decreased by 400 tons to 14,600 tons. Traders continue to reduce their inventories, and the sentiment in the spot market is sluggish. Weekly production has increased by 7% compared to the previous week. Lithium carbonate is in a downward trend, so caution is advised.
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Source:Jin10 Data
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