Lithium Rises to Near 2-Month High

2025-10-27 14:15 By Andre Joaquim 1 min. read

Lithium carbonate prices rose to CNY 78,500 per tonne in October, the highest in nearly two months, amid signs of improving demand.

Output of new energy vehicles in China rose by 20.3% annually in September, the highest since the start of the year.

Consequently, industry data showed that lithium inventories for downstream sectors fell for a third straight week.

Still, the backdrop of relatively ample supply held off futures from the one-year high touched August.

Chinese authorities approved reportedly approved reserve reports for the restart of activity in CATL's Jiangxi mine.

The reopening reports countered the surge in lithium prices after CATL was unable to extend mining permits in the hub, which is responsible for around 3% of global supply.

Besides the direct increase in supply from operations in Jiangxi, the event limited the magnitude of supply cuts that the Chinese government was willing to pass to counter deflationary pressures in its fresh capacity-cutting overhaul.



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