European Lithium Hydroxide Market Faces Challenges Amidst Electric Vehicle Slowdown

European Lithium Hydroxide Market Faces Challenges Amidst Electric Vehicle Slowdown

Patrick Knight 09-May-2024

Antwerp, Belgium: The European Lithium Hydroxide market exhibited instability in April xxxx due to dampened consumer demand. However, prices have somewhat stabilized in recent sessions. Demand for Lithium Hydroxide from the downstream lithium-ion battery sector remained at a moderate level. Meanwhile, in South American nations such as Chile and Argentina, sellers have continued to reduce their quoted prices for Lithium Hydroxide in response to an oversupply situation. As of April xxxx, the evaluated prices of Lithium Hydroxide DDP Antwerp stood at USD xx,xxx per tonne.

Lithium Hydroxide producers are continuously increasing their production levels, anticipating a rise in the import volume of Lithium Hydroxide from overseas in April compared to March. This suggests an overall trend of supply recovery. In the near future, there hasn&#xx;t been any notable change in sentiment within the Lithium Hydroxide market, leading to limited liquidity in spot market transactions, especially during times...

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