Lithium carbonate steadies near 90,650 yuan as lithium ETF slips 2.6%
Battery-grade lithium carbonate rose 0.2% to 90,650 yuan per tonne in China, according to bravenewcoin.com, while the Global X lithium ETF fell 2.64%.
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what happened
According to bravenewcoin.com, citing a November 12 update posted on X by Carl Capolingua, battery-grade lithium carbonate sold in China at 90,650 yuan per tonne. The spot benchmark gained 0.2%, while GFEX futures climbed 2.2% to about 90,900 yuan. The SMM spodumene concentrate index stood at $1,170 per tonne, Australian spot concentrate at $1,225, and lithium hydroxide at 81,550 yuan per tonne.
The week ending November 12 was weak, with SMM data showing battery-grade carbonate prices down 3.2%. The Global X Lithium and Battery Tech ETF closed at $59.46, losing $1.61 or 2.64% on the day.
why it matters
A one-day rebound in futures does not change the picture: the weekly decline and the gap between commodity prices and producer shares suggest the recovery has not yet taken hold. For the lithium market, both spot prices and the behavior of sector stocks matter, and they are not moving in step.
tags
instruments
sources
- Lithium Market Outlook as $90,650 Spot Meets a Heavy ETF Resistance Wall in Q4 — bravenewcoin.com, 13 November 2026 at 17:24 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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