Lithium Carbonate prices in the U.S. market continue to follow a downward trajectory while entering December xxxx, with consistent week-on-week declines observed. The sluggish demand is attributed to cautious battery manufacturers and EV makers amid tightening regulations in key markets like the U.S. and EU. Market players anticipate price stabilization in mid-xxxx as supply chains adjust and EV adoption accelerates.
Chile, one of the world&#xx;s largest Lithium Carbonate producers, has maintained ramped-up production rates to meet rising demand from electric vehicle manufacturers. State-run initiatives aim to expand domestic Lithium Carbonate extraction, but a global glut has led to persistent price pressures. The Chilean government’s collaboration with local communities to enhance the production of Lithium Carbonate has faced delays due to protests, further complicating market dynamics.
Oversupply remains the dominant factor for the decrease in the price of Lithium Carbonate. Companies such as SQM have...
