Lithium Hydroxide to Stabilise amid Deadlocked Price Negotiations

Published: May 16, 2022 11:09

Source: SMM

Save

SHANGHAI, May 16 (SMM) - The prices of lithium hydroxide inched lower last week.

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.

SMM Market Market

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

2 hours ago

[SMM Analysis] Ternary Cathode Precursor Market Was Sluggish Pre-Holiday, Prices Remained Relatively Stable

2 hours ago

European Hydrogen Giant Hexagon Purus Sells Aerospace Business for $15 Million, Acquired by Musk's SpaceX

2 hours ago

In January, the supply and demand for electrolyte contracted, and prices rose slightly due to the lagging transmission of costs.

[January Electrolyte Supply-Demand Contraction and Prices Slightly Rose Affected by Lagged Cost Transmission] In January 2026, the electrolyte market exhibited a pattern of simultaneous contraction on both the supply and demand sides, with prices rising slightly, primarily influenced by weakening end-use demand and the lagged transmission of raw material costs.

2 hours ago