Lithium Carbonate Prices, Trends & Forecasts | Provided by Procurement Resource

Lithium Carbonate (Li2CO3) is an inorganic chemical compound comprising two lithium, one carbon, and three oxygen atoms. It contains the lithium salt of carbonic acid, and it is a whitish-colored liquid with no odor. It is commonly known as Zabuyelite. The melting and boiling point ranges around 723° C and 1310° C, respectively.

The compound is slightly soluble in water, while the solubility decreases with a decrease in the temperature. It is highly insoluble in ammonia, acetone, and alcohol solutions. It is produced commercially from a brine solution, where the boron and magnesium are removed by diluting the brine and adding sodium carbonate, forming Lithium Carbonate as a product. It has a wide range of applications, mostly associated with metal manufacturing and the chemical industry.

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The key importing countries that import Lithium Carbonate are the Netherlands, the United States, and Germany. On the other hand, the key exporting countries include Germany, Belgium, and the Netherlands.

Key Details About the Lithium Carbonate Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Lithium Carbonate price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

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The Lithium Carbonate Price Trends, including India Lithium Carbonate price, USA Lithium Carbonate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Lithium Carbonate Price Trend:

Lithium Carbonate is a common lithium salt that is used to produce several lithium compounds on a large scale. The compound is utilized to produce metallic lithium materials and its related isotopes. Lithium Carbonate is used to produce catalysts that are used commercially in several chemical reactions.

Moreover, its applications can be seen in the manufacturing of semiconductors, ceramics, televisions, and atomic and medical industries. The industrial chemical is a crucial element that is a precursor in manufacturing lithium-ion batteries. Glasses and ceramics manufactured using Lithium Carbonate are used as oven-wares, enhancing the ceramic material's strength to make it last longer. It is also used to prepare cement, which helps the mixture to set more quickly than usual. The compound is utilized as an adhesive used for flooring, manufacturing polymer rubber, as a synthesizer in organic chemical synthesis processes, and much more.

Key Players:

Tianqi Lithium
Targray

News & Recent Development

Date: June 27, 2023- Rosatom, a Russian company, has signed an agreement with Bolivia agreeing on the production of Lithium Carbonate in the country's southwestern region.

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