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There was a large gap between bids and offers in the key Southeast Asian market of Vietnam in the week to Friday September 4, although buyers still purchased some quantities of bulk Japanese H2 scrap.
London Metal Exchange base metals prices were firmer this morning, Friday September 4, but this appears to be early bargain-hunting/consolidation after Thursday’s 1.5% average decline. Asian equities and base metals prices were weaker while they followed yesterday’s weakness in western markets.
China’s domestic battery-grade lithium carbonate market kept firm with more producers insisting on higher offers in the week to Thursday September 3 on expectations of renewed downstream demand and elevated local prices, although not all market sources are certain this will materialize, Fastmarkets heard.
Orocobre has signed a Memorandum of Understanding (MoU) with Prime Planet Energy Solutions (PPES) for the long-term supply of battery-grade lithium carbonate and hydroxide, the Australia-based lithium miner said on Friday August 28.
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