According to the price monitoring of business associations, the market price of lithium carbonate in East China showed a slight upward trend in May, and the overall demand was better after the end of the May Day holiday. The average price of industrial lithium carbonate in East China on May 30 was 70,480 yuan/ton, up 1.56% at the end of the month compared with the beginning of the month. The average price of battery-grade lithium carbonate on May 30 was 79,840 yuan/ton, up 0.3% at the end of the month compared with the beginning of the month.

By observing the market changes, the overall demand for lithium carbonate is better after the May Day holiday, the price remains stable, and the industrial lithium carbonate shows a slight upward trend. The price of battery-grade lithium carbonate also rose slightly around mid-May, mainly due to the contraction of industrial carbon supply and price rise, which led to the increase of the price of electric carbon in the process of industrial carbon purification. From late May to the end of the month, the price of lithium carbonate gradually recovered and stabilized after a slight increase.

At present, the stability of the lithium carbonate market may last for about a month, with lithium manganate and lithium cobalt oxide cathode materials entering the traditional consumption off-season. Upstream lithium carbonate projects are gradually starting to release, and the summer production peak may be coming or may have a downward trend. The comprehensive price of industrial grade lithium carbonate is between 66,000 and 76,000 yuan/ton, and that of battery grade lithium carbonate is between 74,000 and 85,000 yuan/ton.

According to business analysts, lithium carbonate prices are now starting to return to a stable level, with companies focusing on the consumption of inventory. In June, lithium carbonate market capacity began to release gradually, and prices may decline. It is expected that the price of lithium carbonate will remain stable in the short run.