Texas, USA: In the early September, Lithium Carbonate prices have stalled in the US domestic market. Following the marginal strengthening in the Chinese spot prices of Lithium Carbonate due to a minute uptick in Lithium Carbonate futures on the Guangzhou Futures Exchange. The US and European markets have closely followed the price trend in the Chinese market as well.
Moreover, according to the recent reports from Clean Energy Associates, North American battery suppliers are postponing or canceling planned capacity expansions, despite lower raw material costs and supportive U.S. policies.
Though, the prices have stabilized, weakness in Lithium Carbonate prices has persisted as the oversupply situation and lagging consumption speed have been continuously dragging the prices down. Coupled with declining prices of Lithium Carbonate, the market giants have also faced turmoil this year due to depleting profit margins.
Chile’s SQM, the world’s second-largest lithium producer,...
