Get the latest insights on price movement and trend analysis of Lithium Carbonate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Lithium Carbonate Price Trend for the Second Half of 2022
The supply-demand dynamics struggled to find equilibrium in the Asian market during the third quarter of 2022. Supply from the manufacturers was not able to meet the increasing demand from the market and during the same time, some significant manufacturers temporarily restricted their production. Instead of benefiting from this disproportion, the prices plummeted in the region. Even in the fourth quarter, the market struggled to gain momentum. The price trend of Lithium carbonate was mostly affected by the subsidies on new energy vehicles.
The prices of Lithium carbonate fluctuated in the third quarter of 2022. The decline in sales, high inflation rates, and soaring energy production costs remained a challenge for the European market. The market trend of Lithium carbonate was thus, similar to that observed in the Asian-Pacific market. In the later months of the fourth quarter, the prices declined due to low demand, restricted exports, and fluctuating economic conditions. The price drop was also attributed to the drop in market competitiveness.
In the third quarter, the North American region showcased a positive trajectory. This trend was supported by the consistent support of the feedstock prices and as a result, the profit margins of the producers increased. The fourth quarter did not follow the trends of the third quarter. The decline in the prices was due to a rise in inventories, weak market sentiments, and a drop in the growth of the electric vehicles market. The battery manufacturing industries were also not able to increase their supply and thus the price trend of Lithium carbonate took a dip in the fourth quarter.
The prices of Lithium Carbonate are estimated to decrease in the upcoming quarter. The decline in the growth of the electric vehicle sector, uncertainties in the market, and low demand from the end-user industries will play a major role in deciding the price trends of Lithium Carbonate.
Lithium Carbonate Price Trend for the First Half of 2022
The price trends for Lithium Carbonate kept strong during the first quarter owing to the limited inventory and high downstream demand. The downstream lithium hydroxide market was on the rise owing to the strong cost support. The second quarter continued with positive price trends. However, the prices fell slightly mid-quarter as the demand side was impacted owing to epidemic restrictions. Also, the acceptance of high-priced lithium salts was low.
Lithium carbonate prices surged throughout the first quarter owing to robust demand from the downstream sectors. With the manufacturers restricting activities with the Russian suppliers, the feedstock prices soared. The situation worsened with the Russian invasion of Ukraine, triggering an energy crisis and high-cost inflation. The prices dwindled but recovered soon as the demand surpassed the supply.
Similar price trends were seen in the US domestic market. The prices kept high owing to solid demand amid labour shortages, power consumption restrictions, high feedstock prices, supply shortages and inflationary pricing. With the world switching to greener methods a massive surge in the market was created to acquire lithium carbonate manufacturing processes/facilities, thus driving the prices further.
Procurement Resource provides latest prices of Lithium Carbonate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Lithium Carbonate is an inorganic salt heavily used in the production of metal oxides. It is a potent irritant when mixed with water. It is an essential medicine as it is used in the treatment of mood disorders. It is widely used in the manufacturing of lithium-ion batteries.
|Product Name||Lithium Carbonate|
|Synonyms||Carbonic Acid lLithium Salt, Dilithium Carbonate|
|Molecular Weight||73.89 g/mol|
|Supplier Database||Tianqi Lithium, Targray|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Lithium carbonate is manufactured via brine. The impurities such as boron and magnesium is removed from the brine which is then precipitated by adding sodium carbonate. The precipitate obtained is subjected to purification process thereby giving lithium carbonate.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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