Middle East conflict impacts Chinese company's energy storage overseas expectations; Lithium carbonate futures decline for three consecutive days | Overseas Expansion · Energy

2026-03-04 13:31:50

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[Caixin] The Middle East conflict impacts maritime logistics and extends local project delivery timelines. Chinese energy storage orders in the Middle East may be affected, and domestic lithium carbonate futures have fallen for three consecutive days.

On March 4, the main contract for lithium carbonate futures closed at 153,000 yuan per ton, down 2.96%. The contract hit a limit-down on March 3, with a total decline of 14% over three days.

As a key raw material for lithium batteries, the price of lithium carbonate has retreated, driven by the escalating conflict between the US, Israel, and Iran since February 28. After Iran’s Supreme Leader Khamenei was targeted in the US-Israel joint airstrikes, Iran launched multiple ballistic missile attacks on US military bases in Israel, the UAE, Saudi Arabia, Qatar, Bahrain, and Kuwait. The scope of the Middle East conflict continues to expand, involving more energy storage consumers in the regional turmoil.

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