Lithium Hydroxide Price Outlook

SHANGHAI, May 16 (SMM) - In May, the market players will still take a wait-and-see approach. Battery material factories with low raw material stocks may buy some spots, but after the price difference between lithium hydroxide and lithium carbonate improved, the cost efficiency of the former declines. At the same time, the prices of lithium carbonate have risen rapidly due to the salt lake auction, which in turn has stimulated bullish sentiment among lithium hydroxide manufacturers. But the lithium hydroxide price is still unpredictable as it is closely related to the actual end demand.