Antwerp, Belgium: In the first half of October, Lithium Carbonate prices noted a slight upward trend in the European markets. The resurgence in demand from the Asian markets has prompted the sellers to raise their offered quotations after holidays in China. However, the resurgence has been temporary as the restocking activities were limited.
Additionally, the imports arriving in Europe have gone cheaper as lower freight rates from Asia made exporting more competitive than in recent months. Demand for Lithium Carbonate in Europe remained subdued, with market participants reporting no supply shortages in the region. As a result, the lower offers for Lithium Carbonate in Europe did not lead to an increase in sales.
As per the latest ChemAnalyst assessment, Lithium Carbonate Battery Grade DDP Antwerp prices settled at USD xx,xxx/MT for the week ending October xx, xxxx.
The persistent oversupply of Lithium Carbonate...
