Texas, USA: The lithium carbonate market in the USA remains sluggish, with prices consistently declining on a weekly basis due to weak consumer demand and an oversupply scenario in major global markets. The only recorded market transactions for lithium carbonate involved the fulfillment of long-term orders, and bulk freight transactions were also minimal during this period. As of January xth, xxxx, the assessed prices of Lithium Carbonate Battery Grade DDP USGC were USD xx,xxx/MT.
The supplies of lithium carbonate from Chile and Argentina, which comprise the majority of overall lithium carbonate imports (more than xxx), have also been affected by poor demand and plummeting manufacturing costs.
One of the major reasons for the poor performance of the lithium carbonate market globally is the slump in the Chinese market. The cost of the chemical used in batteries has experienced a xxx decline in China,...
