Lithium carbonate prices in China slumped to CNY 100,000 per tonne in October, the lowest in nearly ten months, as growing concerns of softer demand was combined with ample supply. The EU is set to cap imports of Chinese hybrid electric vehicles at 350,000 units annually starting next year. The European Commission noted that this is expected to halve China's market share across the bloc, limiting orders from battery manufacturers in the region after recent data showed higher-than-expected lithium inventories. Industry group SMM changed its methodology for compiling inventory data, which led to a 175,000-tonne increase in Chinese stockpiles, double previous estimates. This coincided with a strong outlook for Australian producers, as Mineral Resources restarted the Bald Hill lithium mine following an 18-month suspension, while Core Lithium restarted its Finniss project.
Lithium fell to 102,150 CNY/T on October 16, 2026, down 2.16% from the previous day. Over the past month, Lithium's price has fallen 23.31%, but it is still 39.26% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Lithium reached an all time high of 5750000.00 in December of 2022. Lithium - data, forecasts, historical chart - was last updated on October 18 of 2026.
Lithium fell to 102,150 CNY/T on October 16, 2026, down 2.16% from the previous day. Over the past month, Lithium's price has fallen 23.31%, but it is still 39.26% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lithium is expected to trade at 104746.31 CNY/T by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 115194.56 in 12 months time.