On May 9, Jin10 Futures reported that lithium prices have surpassed 200,000 this week, indicating ongoing supply chain disruptions. According to Jin10, despite Zimbabwe's policy allowing exports, logistical challenges and local inefficiencies have delayed bulk shipments of lithium concentrate. It is expected that lithium concentrate from Zimbabwe will not reach smelters until mid-July, leading to tight lithium supply in May and June. This situation is corroborated by a noticeable reduction in weekly spodumene production and limited shipments of Zimbabwean lithium sulfate.
On the demand side, new car launches by various automotive companies at the end of April are expected to drive a recovery in orders throughout May. The sales of new energy vehicles, a fundamental demand driver, are anticipated to rebound. Additionally, higher-than-expected exports and continued growth in energy storage are contributing to increased production of batteries and cathode materials. As May progresses, attention should be paid to the supply-demand imbalance caused by Zimbabwe's shipping delays. This content and perspective are for reference only and do not constitute investment advice.