US Lithium Hydroxide Prices Decline Amidst Tepid Demand, Domestic Production Efforts Surges
US Lithium Hydroxide Prices Decline Amidst Tepid Demand, Domestic Production Efforts Surges

US Lithium Hydroxide Prices Decline Amidst Tepid Demand, Domestic Production Efforts Surges

  • 24-Jul-2024 8:42 PM
  • Journalist: Gabreilla Figueroa

Texas, USA: The US Lithium Hydroxide prices continue to demonstrate weakness as week-on-week basis during the last week. Demand has remained stagnant, and the procurement of fresh supplies has slowed further due to high domestic inventory levels. Lithium prices were also influenced by subdued sentiment in Asia....

Selenis has effectively manufactured recycled PET chips using terephthalic acid sourced from Circ®, a textile-to-textile recycler based in Virginia. The chip production took place through a series of batches at Selenis' pilot plant in San-Giorgio, Italy. By utilizing inputs recovered from polycotton textile waste, Selenis has created high-quality PET chip, which has been further processed into DTY yarn. This yarn will play a crucial role in product development as Circ prepares for additional capsule launches. Selenis is leveraging the success of this initial collaboration phase and is committed to advancing towards an offtake partnership to support Circ's inaugural industrial facility. Eduardo Santos, Head of Corporate Strategy at Selenis, remarked that the monomer synthesis showed a performance comparable to virgin terephthalic acid. He expressed optimism about the consistent quality of Circ's monomer output and anticipated future commercial success. Santos pointed out that the Circ partnership complements Selenis's existing mission and goals for a more sustainable textile industry. He further stated their anticipation of expanding upon this collaboration and providing support for Circ's forthcoming commercial production trials.

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