Lithium Price Tests Key $25,000 Breakout Zone Amid Tight Supply
Lithium carbonate prices are consolidating NEAR $24,000 per tonne as China reports a 15.48% month-over-month increase in lithium iron phosphate (LFP) production for March 2026. Current trading at $23,960/tonne reflects a delicate supply-demand balance, with daily gains of 0.29% signaling sustained recovery from previous cycle lows of $8,300.
The market shows structural support rather than speculative volatility, with prices firmly in the upper third of their one-year range. A decisive break above $25,000 WOULD confirm continuation of the bullish trend, while failure to hold current levels could see a retracement to previous support near $22,000.