Benchmark’s May 2021 Lithium Price Assessment saw lithium hydroxide restore its historical premium to lithium carbonate in the Chinese domestic market after the traditional price relationship between the chemicals inverted at the beginning of the year.
In January 2021, carbonate prices rallied on strong demand from LFP cathode manufacturers, inverting the historical relationship as hydroxide pricing moved to a discount on battery-grade carbonate; with hydroxide sitting firmly below both battery and technical grade carbonate in Benchmark’s Lithium Price Assessments from February through to April.
At its strongest premium through this period, Chinese battery-grade carbonate sat RMB . . .