Lithium Carbonate rallies to ¥160,000/t ($22,823), up 14.3% WoW. Futures-driven speculation and spot hoarding create bullish momentum.
LFP Power Grade rises to ¥54,800/t ($7,817), up 10.3% WoW as lithium costs flow through.
LiPF₆ stabilizes at ¥155,000/t ($22,110). Market searching equilibrium.
Mid-tier artificial anode holds at ¥27,500/t ($3,923). Producers capture margin from feedstock shifts.
Anode Materials
High-End Artificial
$7,631 USD/t
NCM Cathodes
5-Series (Single Crystal)
$25,305 USD/t
LFP Cathode
Power Grade
$7,817 USD/t
Lithium Carbonate
Battery Grade
$22,823 USD/t
LiOH
Battery Granular
$21,753 USD/t
LiPF₆
Average Market
$22,110 USD/t
LCO
4.35V Grade
$56,201 USD/t
LMO
Dynamical MnO₂
$8,202 USD/t
Artificial Graphite remains the dominant power baseline.
GPC and needle coke markets remain largely stable. Anode producers continue operating with measured inventory management.
Anode enterprises producing on strict "sales-based" model to avoid inventory bloat. Supply discipline keeping prices stable.
Transition to LWG furnaces (2,500-3,000 kWh/MT) from Acheson (4,000-4,800 kWh/MT) enables massive margin capture for advanced producers.
Cathode Dynamics:Cathode sector experiencing direct lithium cost pass-through. LFP rose 10.3% WoW. NCM 613 at $25,305 and NCM 5 at $25,305.
Direct lithium cost pass-through across chemistries.
Market Analysis: LCE surged to ¥160,000/t ($22,823), up 14.3% WoW. Futures speculation and spot hoarding drive the rally.
Breaking higher around the $22.8k level.
LiOH trading at $1,070/t discount to LCE.
Declining on overcapacity.
Futures-driven buying continues to push LCE higher. Spot traders suspending offers in anticipation of further gains.
LiPF₆ pricing remains under pressure but rate of decline moderating.
LiOH trades at $1,070/t discount to LCE, signaling oversupply in high-nickel chemistry.
Graphite anode enterprises continue "sales-based" production model. Despite feedstock cost movements, prices stable as manufacturers prioritize margin.
Risk Warning: The lithium uptrend continues to pressure downstream costs. Raw material spikes are being passed through to cell costs with increasing efficiency.
D3CT Recommendation: Procurement teams should evaluate strategic inventory positioning. Winners of 2026 will master the technical physics of their supply chain.
Access real-time, granular intelligence on the lithium-ion battery supply chain. Delta3CoreTec helps you navigate the technical and commercial black boxes.
FOLLOW ON LINKEDIN