Lates News

SMM battery-grade lithium carbonate rose by 2,000 yuan to 169,500 yuan, and lithium ore rose by 25 US dollars to 2,415 US dollars. By April 12, 2026, the number of applications for trading in old cars for new ones has exceeded 1.67 million, accounting for a higher proportion of car consumption compared to 2025, reflecting both the positive effects of policies and the weakness of first-time buyer consumption potential. The price increase in spot transactions is weaker, with a price difference of nearly 4,000 yuan between May and September. The current increase is not driven by spot shortages. The expectation of an increase in demand coupled with the disturbance in previous supply may lead to a tightening of supply and demand in the near future, supporting the rising prices. However, whether prices can break through previous highs remains to be seen. (CITIC Futures).