The 5th China International LiCoNi Summit was held on July 13-14. It was the first experience of interactive online conference for CMP.
Today lithium market is very unstable: COVID-19 changed the plans of all existing players. It is always important for CMP to stay alert and participate in the discussion of current issues in the industry, including price fluctuations. In the course of the summit the company exchanged the views with the major industry players on current problems.
CMP defined its pricing mechanism for the raw materials (lithium concentrates, lithium carbonate, lithium hydroxide, lithium metal) for 2020-2021 to sign spot contracts and long-term agreements with its partners.
The company hopes that the global lithium market will achieve the equilibrium between supply and demand by 2022.