Antwerp (Belgium): The European Lithium Carbonate market prices have stopped tumbling and stabilized somewhat in June xxxx. In the second half of June, Lithium Carbonate prices decreased marginally in Belgium due to imports of cheaper goods into the domestic market. Over the past two to three weeks, sources noted weakness in the Lithium Carbonate market, attributed to sluggish activity in the spot market.
Industry experts report that the Lithium Carbonate market is currently calm. The bearish sentiment from Asia has also contributed to the decline in Lithium Carbonate prices, despite slightly higher freight costs from Asia to Europe, according to market participants. Downstream demand for Lithium Carbonate from the domestic automotive sector has remained steady at a moderate level, with ample material available locally. However, consumer inquiries for Lithium Carbonate have been sluggish, and new purchase orders have continued to decline. Overall, the Lithium Carbonate market has...
