【SMM Analysis】In January-February 2024, China's lithium hydroxide exports saw a slight decline

On March 20th, the total amount of lithium hydroxide exported from China in January 2024 was 9233 tons, a decrease of 25% compared to the previous month and a 40% decrease compared to the same period last year. The export destinations for that month included 6150 tons to South Korea and 2595 tons to Japan, representing a 36% decrease and a 20% increase compared to the previous month, accounting for 67% and 28% of the total export volume for that month, respectively. In February 2024, the total amount of lithium hydroxide exported from China was 8,979 tons, a 3% decrease compared to the previous month, but a 6% increase compared to the same period last year. The downward trend in lithium hydroxide exports continued in February, with South Korea and Japan importing 6,014 tons and 2,682 tons from China, representing a 2% decrease and a 3% increase compared to the previous month, accounting for 65% and 29% of the total export volume for that month, respectively.