Antwerp, Belgium: The Lithium Hydroxide market in Belgium has continued its downward trend due to the influx of cheaper goods into the domestic market. The majority of the Lithium Hydroxide imported into Belgium comes from Russia and the United States. The prices of Lithium Hydroxide have continued to drop month-on-month, and from December xxxx to January xxxx, the prices of Lithium Hydroxide DDP Antwerp dropped by more than xxx. As of January xxxx, the assessed prices of Lithium Hydroxide battery grade DDP Antwerp were USD xx,xxx/MT.
The sector responsible for manufacturing lithium-ion batteries downstream has seen decreased demand, mainly because consumers are being cautious and adopting a wait-and-see attitude due to falling prices. Additionally, manufacturing companies have noted reduced profit margins, primarily due to the declining production costs of Lithium Hydroxide.
On the cost side, due to low-cost support from upstream...
