Chinese buyers started restocking ahead of the Spring Festival and elsewhere, buyers were increasingly willing to pay higher prices to secure any available supply, the price reporting and research agency said.
Benchmark’s weighted average lithium carbonate price rose 2.8% for the month to US$23,798 per tonne, lithium hydroxide gained 6.2% to $25,894/t and spodumene concentrate shot up 17.3% to $1,525/t.
Benchmark said lithium carbonate prices in China were beginning to breach the RMB200,00/t ($31,400/t) mark due to restocking.
Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.