Lithium Hydroxide prices in the United States dropped in January xxxx as cheaper imports and persistent oversupply continued to weigh upon the market. The market continues to face volatility as demand from electric vehicles (EVs) and energy storage systems (ESS) moderate. Sellers continued to reduce prices of Lithium Hydroxide to manage high inventories, but signs of stability are emerging as production adjustments take effect.
Though, the global lithium salts market is showing initial signs of recovery after a prolonged phase of oversupply. Production modifications and improvement in demand from EVs and ESS are helping to stabilize market conditions to an extent. However, the short-term outlook remains weak due to inventory buildup and slow seasonal restocking.
The influx of low-cost Lithium Hydroxide imports significantly impacted domestic prices in the US. Sellers adjusted their offers downward to stay competitive, intensifying price pressures. Meanwhile, supply-side curtailments...
