Spot prices for battery-grade lithium hydroxide in China were down this week due to ample availability of the material and a lack of significant demand ahead of national holidays in the country to mark the Mid-Autumn Festival (September 13-15).
Battery-grade lithium hydroxide prices across other global regions were similarly down, with participants citing wide availability of the material as a major factor behind the decline.
China’s battery-grade lithium hydroxide market pressured by ample supply, lack of demand
Similar weakness in other battery-grade lithium hydroxide markets around the world
Global battery-grade lithium carbonate prices unchanged week on week
Consumers hold back from purchasing on expectations of lower prices
Fastmarkets assessed the lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price range, exw domestic China at 62,000-70,000 yuan ($8,743-9,871) per tonne on Thursday September 12, down by 2,000-4,000 yuan per tonne from 66,000-72,000 yuan per tonne a week earlier.
“Most buyers are holding back from purchasing material on the expectation that prices will fall,” a lithium producer told Fastmarkets.
“There are ample stocks among producers and prices won’t improve at least until demand can absorb all of the battery-grade…