Antwerp, Belgium: The Lithium Hydroxide market continued its bearish trend, with prices plunging further in December xxxx due to weak demand and imports of low-priced goods. The downstream lithium-ion battery manufacturing sector faced low demand, attributed to a cautious consumer market adopting a wait-and-see approach amid declining prices. Besides the demand side, manufacturing firms reported shrinking profit margins due to plummeting production costs of Lithium Hydroxide. The prices of the feedstock, Lithium Carbonate, dropped by more than x.xx amid a demand slump across the European Union. Additionally, throughout the month, manufacturers in exporting nations maintained lower run rates as the majority of markets remained oversupplied, and destocking practices were high towards the end of the year.
Apart from the domestic market, the North American and European markets were heavily influenced by the Chinese market, the major player. Excessive imports from Zimbabwe and Australia left the Chinese market...
