US Lithium Carbonate Market Faces Weakness as Demand Declines and Global Influences Impact Prices

US Lithium Carbonate Market Faces Weakness as Demand Declines and Global Influences Impact Prices

Rene Swann 23-Jan-2024

Texas, USA: The US lithium carbonate market has continued to demonstrate weakness in January xxxx. The sector involved in manufacturing lithium-ion batteries is experiencing reduced demand, primarily because consumers in the market are being cautious and adopting a wait-and-see approach, influenced by decreasing prices. In addition to the demand aspect, manufacturing companies are also facing a decrease in profit margins, as the production costs of lithium carbonate have sharply declined. As of January xx, xxxx, the assessed prices of lithium carbonate battery grade DDP USGC were USD xx,xxx/MT. However, few changes in the market dynamics were noted recently. Looking at the market changes, the price of lithium carbonate has become more stable this week, with some minor price adjustments.

Lithium-rich Chile is dealing with certain issues. Several hundred people in northern Chile staged a protest, blocking access to the Atacama salt flat, which is the world&#xx;s largest...

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