Yesterday morning the domestic lithium carbonate network-wide public bidding sales activities began, bidding by the Yichun Mining Limited Liability Company (hereinafter referred to as Yichun Mining) wholly owned subsidiary - Yichun Lixun Mining Services Limited (hereinafter referred to as Yichun Lixun) organization. It is a wholly state-owned company directly under the municipal government specifically formed by the Yichun People's Government for the purpose of integrating and storing lithium mining resources within the city. A total of 25 lithium salt companies from Shanghai, Henan, Guizhou, Hunan, Zhejiang and other eleven provinces and cities participated in the bidding at the meeting, and 192 tons of battery-grade lithium carbonate was auctioned at a price of 106,200 yuan / ton. The average price of battery-grade lithium carbonate was reported at 106,500 yuan/ton on the same day.

The adopted bidding sales transaction mode has more advantages. On the one hand, it can push up the price of the product itself in the bidding process, on the other hand, it can also make the price more transparent. At the same time, it can also play a role in testing the market.

Yichun mining related person said to the interface news, the lithium carbonate bidding sales activities organized by the initial intention of a total of two points. First, I hope that through the auction can let Yichun in the lithium products market influence to further expand; Secondly, I hope that through this auction transaction mode, to refine a set of market-oriented price index, can be used as a reference for the industry.