Get the latest insights on price movement and trend analysis of Lithium Hydroxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Lithium Hydroxide Price Trend for the First Half of 2023
Lithium hydroxide prices registered a steep decline in the first two quarters of 2023 as the downstream industries seemed hesitant to raise new orders. Further disruptions in the supply chains due to uneven trends in the cost of transportation and overall logistics caused lithium hydroxide prices to move downwards. In the second quarter, the support from the upstream industries also took a negative toll, further pushing its prices towards a southwards side.
The bearish trend in lithium hydroxide prices in European countries resulted from the price war between some big market players in the automotive sector. Due to increased competition in the market, the traders had to reduce their price ranges, negatively affecting the price trend of lithium hydroxide. The downstream industries also faced the adverse effects of weak economic conditions and trading sentiments.
In North America, the price of lithium hydroxide faced a consistent decline due to low demand, especially from the Asia-Pacific markets. The failure of two major banks in the region further accelerated the fall in the market sentiments of lithium hydroxide.
The struggle also escalated due to the consistent drop in the production and procurement of EVs in the region in the first quarter. In the second quarter, the economic recovery of the market activities was slow, toning down the demand for lithium hydroxide, leading to a decline in its prices.
According to Procurement Resource, the price trend of Lithium Hydroxide is estimated to be affected by the low demand from the electric vehicles sector and financial strain on the global markets.
Procurement Resource provides latest prices of Lithium Hydroxide. 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 hydroxide is a clear to water-white liquid with a pungent odour. It is non-combustible on its own but produces toxic fumes on heating. It is toxic and corrosive in nature. It is widely used to make rechargeable batteries for electric vehicles, laptops, and phones and also used to make non-rechargeable batteries for heart pacemakers, toys and clocks.
|Product Name||Lithium Hydroxide|
|Industrial Uses||Additives in lithium-based greases, batteries, lithium soaps, lithium salts, absorbent of carbon dioxide, cleaning products.|
|Supplier Database||Albemarle, SQM, Jiangxi Dongpeng New Materials, Tianqi Lithium, Livent, Ganfeng Lithium, , Sichuan Yahua Group and Ruifu Lithium|
|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 hydroxide can be produced via the electrolysis method, which involves the electrolysis of lithium chlorides obtained from brines or lithium sulfates. The process requires removing the impurities from the starting materials, followed by electrolysis to give lithium hydroxide.
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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