Weekly Market Trend of Spot Lithium Hydroxide from 7.7-7.1 [SMM Weekly Review]

This week, the decline in lithium hydroxide prices slowed significantly WoW. In terms of production, some companies saw an increase in output for the month due to capacity ramp-up. Regarding market sentiment, the increase in downstream demand was limited, and long-term agreements and customer-supplied materials could meet basic production needs, resulting in fewer additional spot order purchases. Upstream, influenced by the current recovery in lithium ore prices, cost support strengthened, and spot order quotes increased, contributing to a slower decline in prices. It is expected that in the short term, due to the upward pull of lithium carbonate and lithium ore prices, the downside room for lithium hydroxide will be limited.