Lithium Hydroxide Prices, Chart, News, Demand and Analysis
Lithium Hydroxide Price in USA
- United States: 14720 USD/MT
In Q4 of 2023, lithium hydroxide price in the USA experienced a decline of 36% transitioning from the 3rd quarter and a decrease of 74% from the previous year resulting in the figure of 19,115 USD/MT.
The latest report by IMARC Group, titled “Lithium Hydroxide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of lithium hydroxide prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Lithium Hydroxide Prices Analysis:
- Japan: 13480 USD/MT
- Belgium: 14430 USD/MT
Report Offering:
- Monthly Updates: Annual Subscription
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The study delves into the factors affecting lithium hydroxide price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/lithium-hydroxide-pricing-report/requestsample
Lithium Hydroxide Price Trend- Last Quarter
The lithium hydroxide market is primarily driven by the rapid expansion of the electric vehicle (EV) industry, which heavily relies on lithium-ion batteries for energy storage. As global demand for EVs rises due to the shift toward sustainable energy and stricter emission regulations, the need for lithium hydroxide, a key component in high-performance batteries, continues to grow. Additionally, ongoing advancements in battery technology, such as the shift to nickel-rich cathodes, further boost the demand for lithium hydroxide, as it offers superior energy density and battery life compared to lithium carbonate. The renewable energy sector’s expansion, with a focus on energy storage solutions, also contributes to market growth.
Lithium Hydroxide Industry Analysis
In Q4 2023, the North American lithium hydroxide market faced a bearish outlook due to oversupply and weak demand. This oversupply stemmed from ample inventories and the influx of low-priced imports, which suppressed market sentiment. Demand remained sluggish across downstream sectors, particularly in battery and cathode manufacturing, leading to limited procurement activity. However, the underperformance of the lithium carbonate market exacerbated the downward pressure on lithium hydroxide prices. Also, the U.S. experienced significant price declines, reflecting broader market trends driven by excessive supply and limited market enthusiasm.
Moreover, the APAC market saw declining prices in Q4 2023 due to oversupply and subdued demand. Domestic battery manufacturers showed weak interest, while lower upstream raw material costs contributed to decreased manufacturing expenses. Japan experienced a notable price decline, with a continuous downward trend throughout the quarter. With moderate to high supply levels and minimal demand from the battery sector, the market’s overall sentiment remained bearish. Besides this, the European lithium hydroxide market faced headwinds due to decreased demand from the battery and energy storage sectors. Economic uncertainties and weakened business sentiment dampened downstream interest while falling lithium carbonate prices reduced cost support. Imports of low-priced lithium hydroxide from Chile added to the bearish market conditions, leading to reduced manufacturing costs. Along with this, Belgium saw a significant drop in prices as the market struggled with oversupply and limited demand, reflecting the broader challenges across the region.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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