Dec. 23 at 1:27 PM
$LITOF Chinese lithium and spodumene prices surge on GFEX spike, supply delays
Chinese lithium prices saw a sharp increase driven by fluctuations on the Guangzhou Futures Exchange, where the mainstream contract closed at Yuan 111,400/mt on Dec. 19, boosting lithium hydroxide and spodumene prices.
The significant increase in futures prices was largely attributed to a delayed production resumption at a domestic lithium producer, according to local market sources.
“The mine’s guidance is that production is expected to resume by the end of January, as the environmental assessment will still require 30 more days,” said a Chinese trader.
A Chinese producer anticipated that the supply disruption from the lithium mining project in Jiangxi province would tighten supply in January 2026. However, the producer noted that spot lithium carbonate was unlikely to be sold at the Yuan 110,000/mt level at the moment.
