Price-Watch’s most active coverage of Lithium Carbonate price assessment:
Asia-Pacific
- Lithium Carbonate 99.5%min EX-Shanghai, China
- Lithium Carbonate 99.5%min CIF Shanghai (Chile), China
- Lithium Carbonate 99.5%min EX-Mumbai, India
North America
- Lithium Carbonate 99.5%min Del Baltimore, USA
South America
- Lithium Carbonate 99.5%min FOB San Antonio, Chile
Europe
- Lithium Carbonate 99.5%min FD Rotterdam, Netherlands
Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.
Lithium Carbonate Price Trend Q4 2025
In Q4 2025, the global Lithium Carbonate 99.5%min market staged a strong and synchronized upward correction across major regions, as the market shifted from surplus conditions toward tightening fundamentals. The pricing environment reflected accelerated restocking by battery manufacturers, improving EV production visibility, and firmer sentiment in both spot and futures markets, while supply growth remained measured.
China recorded a firm upward movement as cathode and LFP producers replenished inventories ahead of year-end production cycles. Reduced output from higher-cost operations and seasonal supply controls tightened domestic availability, while futures market momentum supported stronger spot transactions. Netherlands experienced the strongest regional upswing, supported by constrained import availability and active procurement from European battery material producers.
Strengthening EV battery project pipelines and forward contracting activity pushed spot premiums higher within the trading hub. In the United States, prices strengthened amid expanding battery energy storage deployments and EV supply chain localization efforts. Strategic stock-building and policy-driven sourcing requirements further intensified procurement activity.
Chile also observed firm market conditions, with stable export flows and disciplined shipment management supporting stronger FOB offers. Consistent overseas demand reduced spot liquidity and reinforced seller confidence. Overall, synchronized restocking cycles, improved downstream battery demand momentum, and measured supply responses resulted in a broadly positive market trajectory heading into early 2026.
China: Lithium Carbonate 99.5%min Domestically Traded prices EX-Shanghai, China; Grade- Purity:99.5%min
In Q4 2025, the China Lithium Carbonate 99.5%min market maintained a clear upward trend by registering a 12.84% increase over Q3 as the market shifted into a tighter supply-demand balance. The improvement was driven by steady EV output and strong grid-scale energy storage installations, which accelerated lithium salt procurement from cathode and LFP battery manufacturers. Supply conditions also supported the uptrend, as earlier production rationalization at higher-cost operations reduced excess availability and helped normalize domestic inventories.
Strengthening futures market sentiment and renewed trader participation further reinforced spot price firmness through the quarter. In December alone, prices surged by 20.55% month-on-month, reflecting intensified year-end restocking, tightening spot liquidity, and bullish positioning ahead of 2026 contract discussions. Overall, Q4 confirmed a sustained upward trajectory for China’s lithium carbonate market, with December’s sharp rise cementing the transition toward a more structurally balanced and firmer pricing environment entering 2026.
Netherlands: Lithium Carbonate 99.5%min Domestically Traded Prices FD Rotterdam, Netherlands; Grade- Purity:99.5%min
In Q4 2025, the Netherlands Lithium Carbonate 99.5%min price trend recorded the strongest quarterly by rising 31.73% over Q3 as the European market shifted decisively from surplus conditions toward tightening supply. The quarter was characterized by accelerated restocking from cathode and precursor manufacturers as EV production stability and energy storage deployments improved demand visibility. Import availability tightened during the quarter, with reduced spot cargo flexibility and firmer Asian benchmarks pushing CIF Rotterdam offers higher.
Distributors reported declining warehouse inventories as buyers re-entered the market after prolonged caution in previous quarters. Higher freight costs and logistical constraints across key European ports further compressed effective supply, limiting the cushioning impact of South American inflows and amplifying price sensitivity to procurement cycles.
In December, prices rose a further 2.68% month-on-month, supported by year-end stock-building, forward purchasing ahead of 2026 contract negotiations, and improved buyer confidence cementing Q4 as a clear structural recovery phase for the Dutch lithium carbonate market.
USA: Lithium Carbonate 99.5%min Domestically Traded prices Del Baltimore, North America; Grade- Purity:99.5%min
In Q4 2025, the USA Lithium Carbonate 99.5%min prices recorded a strong 28.74% quarter-on-quarter increase in Q4 2025, marking the most significant price acceleration of the year as domestic supply-demand conditions tightened materially. The rally was primarily supported by expanding Battery Energy Storage System (BESS) installations and steady EV production, which accelerated lithium salt procurement from battery manufacturers and reduced available spot inventories. Supply-side factors amplified the move, including tighter global availability of battery-grade material and longer import lead times from South America, prompting U.S. buyers to secure volumes more aggressively during October and November.
Strategic sourcing shifts and policy-related uncertainty surrounding critical mineral supply chains further encouraged forward purchasing and inventory building. Domestic gigafactory ramp-ups and stable but fully committed import flows limited prompt cargo flexibility, reinforcing upward pressure on spot offers throughout most of the quarter.
In December, prices rose a further 2.68% month-on-month, reflecting continued year-end restocking, though the pace moderated as earlier sharp gains in October and November began to consolidate. Overall, Q4 2025 confirmed a decisive tightening phase in the U.S. lithium carbonate market, with structural demand growth and disciplined supply positioning supporting elevated pricing levels heading into 2026.
Chile: Lithium Carbonate 99.5%min FOB San Antonio, Chile; Grade- Purity:99.5%min
In Q4 2025, the Chile Lithium Carbonate 99.5%min registered a strong 26.61% quarter-on-quarter increase in Q4 2025 compared to Q3, signaling a clear shift from earlier price weakness to firmer export fundamentals. The recovery was primarily supported by stronger procurement from Asian and North American buyers as EV and energy storage production schedules accelerated toward year-end. FOB Atacama offers strengthened through the quarter as producers maintained disciplined shipment allocations and prioritized long-term contract volumes, limiting prompt spot cargo availability.
Seasonal production dynamics and steady brine output kept supply stable but not excessive, tightening effective availability amid rising global demand. Improving global lithium sentiment and forward purchasing for 2026 contract coverage further reinforced seller confidence, reducing discounting pressure in export negotiations.
In December, prices advanced an additional 5% month-on-month, reflecting year-end restocking, firmer overseas inquiries, and limited cargo flexibility due to shipping schedules. Overall, Q4 confirmed a demand-led and structurally supported recovery in Chile’s lithium carbonate market, positioning FOB benchmarks on a stronger footing heading into 2026.



