Lithium Selloff Breaks With ETFs Heading a Recovery Around $19500/T
Lithium markets show tentative signs of stabilization after a prolonged downturn. Futures contracts for lithium carbonate in China edged higher following nine consecutive days of declines, with front-month contracts holding between $19,500 and $19,700 per tonne. Spot prices mirrored this resilience at approximately $19,550.
The futures curve suggests improved sentiment, with near-term maturities climbing to $19,600-$19,900/t—representing a $600-$900 premium over recent lows. While prices further along the curve approached the psychological $20,000 barrier, analysts caution this reflects sentiment adjustment rather than confirmed trend reversal.
ETF performance tracked the physical market's firming, indicating weakening downward momentum. The convergence of futures and spot pricing creates a rare moment of equilibrium in the battered sector.
