Antwerp, Belgium: Lithium Hydroxide prices in Belgium have stabilized in the first week of October. Exporters in China have noted improved demand for Lithium Hydroxide recently and have been offering Lithium Hydroxide at higher prices. Europe is intensifying its lithium mining efforts to reduce reliance on China, which currently dominates its lithium supply. Several new mining projects are expected to launch in the coming years as part of the EU&#xx;s strategy to secure more lithium for the energy transition, particularly for electric vehicle batteries.
However, weakness persists in the European Lithium Hydroxide market due to deviating EV sales figures. In August xxxx, battery-electric vehicle registrations dropped by xx.xx to xx,xxx units, with market share falling to xx.xx from xxx last year, mainly due to sharp declines in Germany and France. Despite this, xxx,xxx BEVs were registered from January to August, representing xx.xx of the market, down...
