April 28 News – Recently, Huayou Cobalt held a shipment ceremony for the first batch of products from its lithium sulfate project in Zimbabwe, marking the official dispatch of the initial lithium sulfate products back to China.

Chempricehub Analysis on Lithium Sulfate
Bull-Bear Score: -1
The first batch of lithium sulfate products from Huayou Cobalt’s project in Zimbabwe has been shipped back to China, increasing market supply. This may exert downward pressure on spot lithium sulfate prices. As a raw material for lithium compounds, the increase in lithium sulfate supply directly suppresses prices, resulting in a generally bearish impact.

Lithium Carbonate
Bull-Bear Score: -1
An increase in lithium sulfate supply may lower the production cost of lithium carbonate, as lithium sulfate is commonly used as a feedstock for lithium carbonate production, thereby indirectly increasing the expected supply of lithium carbonate. Considering the current performance of the lithium carbonate futures market—such as the settlement price of the 2605 contract at 173,600 RMB/ton (down 3,720 RMB) and a reduction in open interest—market sentiment is bearish. The event described reinforces downward pressure, exerting a generally bearish impact on both spot and futures prices.