Lithium Hydroxide Prices Crashed in April Under Weak Demand

Published: May 16, 2023 16:00

Source: SMM

Save

The monthly average price of battery-grade lithium hydroxide was 245,368 yuan/mt in April, down 37% MoM. The prices in overseas markets extended the decline.

SHANGHAI, May 16 (SMM) - The monthly average price of battery-grade lithium hydroxide was 245,368 yuan/mt in April, down 37% MoM. The prices in overseas markets extended the decline.

In April 2023, lithium hydroxide prices crashed. The lithium carbonate prices fell rapidly on sluggish downstream demand during the month, weighing on the lithium hydroxide prices. Besides, the causticising plants offered lower lithium hydroxide prices, compelling smelters to follow suit. The downstream companies mainly restocked on demand amid the dropping lithium hydroxide prices, and the lithium hydroxide market was in a supply surplus.

Spot market Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

29 mins ago

SK On Consolidates Georgia Operations into Single Production System

SK On will transition to a unified production system centered on its SK Battery America (SKBA) operations in Georgia to improve efficiency in North America. According to the company on the 3rd, starting April 6 (local time), production volumes from SKBA’s first plant will be transferred to the second plant. In addition, part of the second plant’s production lines will be converted from electric vehicle (EV) battery manufacturing to energy storage system (ESS) production. The Georgia Plant 1 has an annual capacity of 10GWh and began commercial operations in the first quarter of 2022, while Plant 2 has a capacity of 12GWh and started operations in the fourth quarter of 2022.

29 mins ago

30 mins ago

LG Energy Solution Joins Global Automotive Software Marketplace SDVerse as First Battery Maker

LG Energy Solution announced on April 3 that it has joined the automotive software open marketplace platform SDVerse, becoming the first battery manufacturer to participate. SDVerse is a B2B vehicle software platform founded by General Motors, Magna International, and Wipro. The platform provides an open ecosystem where automakers, global suppliers, and software developers can trade software solutions, supporting the transition toward software-defined vehicles (SDVs).

30 mins ago

31 mins ago

SK On Terminates Natural Graphite Supply Agreement with Westwater

According to Westwater Resources on the 3rd, it received a contract termination notice from SK On on March 31 (local time). Under the agreement, SK On had planned to source up to 34,000 tons of natural graphite produced at Westwater’s Kellyton facility in Alabama between 2027 and 2031, but the plan has been canceled following the termination.

31 mins ago