Lithium Hydroxide Prices, Trend, Historical Price Chart and Forecast

𝗟𝗶𝘁𝗵𝗶𝘂𝗺 𝗛𝘆𝗱𝗿𝗼𝘅𝗶𝗱𝗲 𝗣𝗿𝗶𝗰𝗲𝘀 𝗶𝗻 𝗨𝗦𝗔

• 𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀: 14720 USD/MT

In Q2 2024, lithium hydroxide prices in the United States peaked at 14720 USD/MT in June.

The latest IMARC Group report, "𝗟𝗶𝘁𝗵𝗶𝘂𝗺 𝗛𝘆𝗱𝗿𝗼𝘅𝗶𝗱𝗲 𝗣𝗿𝗶𝗰𝗲𝘀, 𝗧𝗿𝗲𝗻𝗱, 𝗖𝗵𝗮𝗿𝘁, 𝗗𝗲𝗺𝗮𝗻𝗱, 𝗠𝗮𝗿𝗸𝗲𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀, 𝗡𝗲𝘄𝘀, 𝗛𝗶𝘀𝘁𝗼𝗿𝗶𝗰𝗮𝗹 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗗𝗮𝘁𝗮 𝗥𝗲𝗽𝗼𝗿𝘁 𝟮𝟬𝟮𝟰 𝗘𝗱𝗶𝘁𝗶𝗼𝗻," presents a detailed analysis of lithium hydroxide price trends, offering key insights into global market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market. The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines lithium hydroxide demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

For strategic planning, the report provides price forecasts, allowing businesses to anticipate price shifts and make informed decisions about procurement and investment. The forecast draws on historical data, market trends, and key economic indicators, ensuring a reliable outlook for stakeholders. Additionally, the inclusion of the price index offers a broader view of market performance over time, providing a valuable benchmark for evaluating market trends. With these insights, the report equips industry stakeholders with the tools needed to navigate the complex global market and optimize their strategies in response to evolving conditions.

𝗟𝗶𝘁𝗵𝗶𝘂𝗺 𝗛𝘆𝗱𝗿𝗼𝘅𝗶𝗱𝗲 𝗣𝗿𝗶𝗰𝗲𝘀 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀:

• 𝗝𝗮𝗽𝗮𝗻: 13480 USD/MT
• 𝗕𝗲𝗹𝗴𝗶𝘂𝗺: 14430 USD/MT

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/lithium-hydroxide-pricing-report/requestsample

𝗥𝗲𝗽𝗼𝗿𝘁 𝗢𝗳𝗳𝗲𝗿𝗶𝗻𝗴:

• 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annual Subscription
• 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annual Subscription
• 𝗕𝗶𝗮𝗻𝗻𝘂𝗮𝗹𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annual Subscription

The study examines the key factors driving lithium hydroxide price variations, focusing on shifts in raw material costs, the balance between supply and demand, and the impact of geopolitical influences. It also considers sector-specific developments that play a critical role in shaping market prices. By analysing these elements, the report offers valuable insights into the underlying causes of price fluctuations, helping businesses and investors understand market behaviour more effectively.

In addition, the report provides the latest market updates, ensuring stakeholders are informed about recent fluctuations, regulatory changes, and technological advancements. This comprehensive resource equips decision-makers with the necessary tools to enhance their strategic planning and improve forecasting accuracy. Through this analysis, the report becomes an indispensable asset for anyone looking to navigate the complexities of the lithium hydroxide market and optimize future strategies.

𝗟𝗶𝘁𝗵𝗶𝘂𝗺 𝗛𝘆𝗱𝗿𝗼𝘅𝗶𝗱𝗲 𝗣𝗿𝗶𝗰𝗲 𝗧𝗿𝗲𝗻𝗱

During the third quarter of 2024, the North American market faced a sharp reduction in costs, especially in the USA, as a result of several influencing factors. Excessive supply, low demand as well as surplus stock all contributed to the downward trend. The decline in electric vehicle (EV) sales, as well as the unpredictability's surrounding the power management sector, further fueled the unfavorable outlooks. The market registered a notable drop in prices year-over-year, along with a continuous decrease compared to the last quarter. In the latter period of the quarter, costs continued to decline, further signifying the ongoing negative market sentiment. Despite the challenges presented by market dynamics, the pricing environment remained weak, underscoring the difficulties faced by the region in maintaining stable prices. The downward trajectory highlighted ongoing concerns within the market.

𝗙𝗮𝗰𝘁𝗼𝗿𝘀 𝗶𝗻𝗳𝗹𝘂𝗲𝗻𝗰𝗶𝗻𝗴 𝗹𝗶𝘁𝗵𝗶𝘂𝗺 𝗵𝘆𝗱𝗿𝗼𝘅𝗶𝗱𝗲 𝗽𝗿𝗶𝗰𝗲𝘀 𝗶𝗻 𝗔𝗣𝗔𝗖:

During the third quarter of 2024, the APAC market faced a considerable drop in lithium hydroxide cost, with China experiencing the largest price declines. Low consumer demand, issues about excessive supply, and a sluggish market contributed to the decline in prices. As the quarter progressed, supply started to match consumer orders better, and manufacturers of the ternary cathode materials demonstrated reduced demand for external sourcing. This adjustment further slowed the market. Although fluctuations in the prices of lithium carbonate influenced the market, the overall outlook remained unfavorable, which led to a continued decline in prices on an annual and quarterly. As a result, the APAC market continued to struggle, with a steady downward trend despite some stabilization at certain points. Difficult market circumstances throughout the quarter reflected an overall need for growth in the region.

𝗙𝗮𝗰𝘁𝗼𝗿𝘀 𝗶𝗻𝗳𝗹𝘂𝗲𝗻𝗰𝗶𝗻𝗴 𝗹𝗶𝘁𝗵𝗶𝘂𝗺 𝗵𝘆𝗱𝗿𝗼𝘅𝗶𝗱𝗲 𝗽𝗿𝗶𝗰𝗲𝘀 𝗶𝗻 𝗘𝘂𝗿𝗼𝗽𝗲:

During the third quarter of 2024, the European market saw consistent price declines, driven by excessive supply and weak demand in both North America and Asia. The region faced substantial challenges in the electric vehicle sector, which added to the pricing pressure. Furthermore, elevated manufacturing prices and weak demand for battery electric vehicles worsened the already challenging market conditions. Belgium experienced the most noticeable regional price variations, with significant reductions both in comparison to the preceding year and quarter. Despite moderate supply, demand remained insufficient to stabilize prices, leading to an ongoing decreasing pattern throughout the quarter. This further reinforced the unfavorable cost conditions in Europe.

𝗦𝗽𝗲𝗮𝗸 𝘁𝗼 𝗮𝗻 𝗔𝗻𝗮𝗹𝘆𝘀𝘁: https://www.imarcgroup.com/request?type=report&id=22553&flag=C

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗣𝗿𝗶𝗰𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀:

• 𝗔𝘀𝗶𝗮 𝗣𝗮𝗰𝗶𝗳𝗶𝗰:China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• 𝗘𝘂𝗿𝗼𝗽𝗲: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
• 𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮: United States and Canada
• 𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 & 𝗔𝗳𝗿𝗶𝗰𝗮: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

𝗡𝗼𝘁𝗲: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
𝗘𝗺𝗮𝗶𝗹: sales@imarcgroup.com
𝗧𝗲𝗹 𝗡𝗼: (D) +91 120 433 0800
𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀: +1-631-791-1145

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.