Lithium Hydroxide to Stabilise amid Deadlocked Price Negotiations

SHANGHAI, May 16 (SMM) - The prices of lithium hydroxide inched lower last week. The supply rose slightly this month. Under the impact of the domestic pandemic and destocking by battery makers, the demand for high-nickel materials was weak, resulting in sluggish demand for lithium hydroxide. Overseas buyers were more willing to accept the current lithium hydroxide prices due to supply shortages. Despite poor domestic demand, major smelters still held their offers relatively firmly. With demand showing no signs of strong recovery, downstream battery material factories made fewer inquiries and purchases. Market prices may remain stable as both sellers and buyers are reluctant to make compromises.