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BTCC / BTCC Square / Global Cryptocurrency /
Lithium Price Drops 6% as Mine Restart News Triggers Heavy Selling

Lithium Price Drops 6% as Mine Restart News Triggers Heavy Selling

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2026-06-24 01:43:02
0
BTCCSquare news:

Battery-grade lithium carbonate spot prices plummeted 6.13% to approximately 157,000 yuan ($21,728) per tonne, with futures contracts showing milder declines. The sell-off accelerated following reports of potential restarts at CATL's Jianxiawo mine in China and Global Advanced Metals' Bald Hill operation in Australia.

Market dynamics revealed a stark divergence: physical spot markets absorbed the brunt of selling pressure while futures contracts priced in a anticipated rebound. Analysts attributed the sharp drop to an overreaction to supply-side rumors, noting futures maintained relative stability near the 160,000 yuan threshold.

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