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Lithium Hydroxide Prices, Trend, Historical Price Chart and Forecast

11-15-2024 08:15 AM CET | Chemicals & Materials

Press release from: IMARC Group

Lithium Hydroxide Prices

Lithium Hydroxide Prices

๐—Ÿ๐—ถ๐˜๐—ต๐—ถ๐˜‚๐—บ ๐—›๐˜†๐—ฑ๐—ฟ๐—ผ๐˜…๐—ถ๐—ฑ๐—ฒ ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—ถ๐—ป ๐—จ๐—ฆ๐—”

โ€ข ๐—จ๐—ป๐—ถ๐˜๐—ฒ๐—ฑ ๐—ฆ๐˜๐—ฎ๐˜๐—ฒ๐˜€: 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, "๐—Ÿ๐—ถ๐˜๐—ต๐—ถ๐˜‚๐—บ ๐—›๐˜†๐—ฑ๐—ฟ๐—ผ๐˜…๐—ถ๐—ฑ๐—ฒ ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€, ๐—ง๐—ฟ๐—ฒ๐—ป๐—ฑ, ๐—–๐—ต๐—ฎ๐—ฟ๐˜, ๐——๐—ฒ๐—บ๐—ฎ๐—ป๐—ฑ, ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€, ๐—ก๐—ฒ๐˜„๐˜€, ๐—›๐—ถ๐˜€๐˜๐—ผ๐—ฟ๐—ถ๐—ฐ๐—ฎ๐—น ๐—ฎ๐—ป๐—ฑ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜ ๐——๐—ฎ๐˜๐—ฎ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ ๐—˜๐—ฑ๐—ถ๐˜๐—ถ๐—ผ๐—ป," 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.

๐—Ÿ๐—ถ๐˜๐—ต๐—ถ๐˜‚๐—บ ๐—›๐˜†๐—ฑ๐—ฟ๐—ผ๐˜…๐—ถ๐—ฑ๐—ฒ ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€:

โ€ข ๐—๐—ฎ๐—ฝ๐—ฎ๐—ป: 13480 USD/MT
โ€ข ๐—•๐—ฒ๐—น๐—ด๐—ถ๐˜‚๐—บ: 14430 USD/MT

๐—ฅ๐—ฒ๐—พ๐˜‚๐—ฒ๐˜€๐˜ ๐—™๐—ผ๐—ฟ ๐—ฎ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—–๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜: https://www.imarcgroup.com/lithium-hydroxide-pricing-report/requestsample

๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ข๐—ณ๐—ณ๐—ฒ๐—ฟ๐—ถ๐—ป๐—ด:

โ€ข ๐— ๐—ผ๐—ป๐˜๐—ต๐—น๐˜† ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ๐˜€: Annual Subscription
โ€ข ๐—ค๐˜‚๐—ฎ๐—ฟ๐˜๐—ฒ๐—ฟ๐—น๐˜† ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ๐˜€: Annual Subscription
โ€ข ๐—•๐—ถ๐—ฎ๐—ป๐—ป๐˜‚๐—ฎ๐—น๐—น๐˜† ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ๐˜€: 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.

๐—Ÿ๐—ถ๐˜๐—ต๐—ถ๐˜‚๐—บ ๐—›๐˜†๐—ฑ๐—ฟ๐—ผ๐˜…๐—ถ๐—ฑ๐—ฒ ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ ๐—ง๐—ฟ๐—ฒ๐—ป๐—ฑ

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.

๐—™๐—ฎ๐—ฐ๐˜๐—ผ๐—ฟ๐˜€ ๐—ถ๐—ป๐—ณ๐—น๐˜‚๐—ฒ๐—ป๐—ฐ๐—ถ๐—ป๐—ด ๐—น๐—ถ๐˜๐—ต๐—ถ๐˜‚๐—บ ๐—ต๐˜†๐—ฑ๐—ฟ๐—ผ๐˜…๐—ถ๐—ฑ๐—ฒ ๐—ฝ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—ถ๐—ป ๐—”๐—ฃ๐—”๐—–:

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.

๐—™๐—ฎ๐—ฐ๐˜๐—ผ๐—ฟ๐˜€ ๐—ถ๐—ป๐—ณ๐—น๐˜‚๐—ฒ๐—ป๐—ฐ๐—ถ๐—ป๐—ด ๐—น๐—ถ๐˜๐—ต๐—ถ๐˜‚๐—บ ๐—ต๐˜†๐—ฑ๐—ฟ๐—ผ๐˜…๐—ถ๐—ฑ๐—ฒ ๐—ฝ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—ถ๐—ป ๐—˜๐˜‚๐—ฟ๐—ผ๐—ฝ๐—ฒ:

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.

๐—ฆ๐—ฝ๐—ฒ๐—ฎ๐—ธ ๐˜๐—ผ ๐—ฎ๐—ป ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐˜: https://www.imarcgroup.com/request?type=report&id=22553&flag=C

๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€:

โ€ข ๐—”๐˜€๐—ถ๐—ฎ ๐—ฃ๐—ฎ๐—ฐ๐—ถ๐—ณ๐—ถ๐—ฐ:China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
โ€ข ๐—˜๐˜‚๐—ฟ๐—ผ๐—ฝ๐—ฒ: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
โ€ข ๐—ก๐—ผ๐—ฟ๐˜๐—ต ๐—”๐—บ๐—ฒ๐—ฟ๐—ถ๐—ฐ๐—ฎ: United States and Canada
โ€ข ๐—ก๐—ผ๐—ฟ๐˜๐—ต ๐—”๐—บ๐—ฒ๐—ฟ๐—ถ๐—ฐ๐—ฎ: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
โ€ข ๐— ๐—ถ๐—ฑ๐—ฑ๐—น๐—ฒ ๐—˜๐—ฎ๐˜€๐˜ & ๐—”๐—ณ๐—ฟ๐—ถ๐—ฐ๐—ฎ: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

๐—ก๐—ผ๐˜๐—ฒ: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐˜‚๐˜€:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
๐—˜๐—บ๐—ฎ๐—ถ๐—น: sales@imarcgroup.com
๐—ง๐—ฒ๐—น ๐—ก๐—ผ: (D) +91 120 433 0800
๐—จ๐—ป๐—ถ๐˜๐—ฒ๐—ฑ ๐—ฆ๐˜๐—ฎ๐˜๐—ฒ๐˜€: +1-631-791-1145

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€:
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.

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