Lithium fluoride prices registered a further decline in the first half of May xxxx. The factors driving this trend are primarily attributed to a decrease in production costs in China, due in large part to declines in the upstream lithium carbonate prices used in lithium fluoride production. Additionally, the recent U.S.-China trade agreement that came into effect on May xx, xxxx, has also played its part in affecting the lithium fluoride market.
The agreement sees the U.S. cut tariffs on Chinese imports from xxxx down to xxx for xx days while China reduces its tariffs on U.S. goods from xxxx to xxx. This temporary easing of trade tensions allowed for greater imports of Chinese Lithium fluoride to the U.S., thus adding more downward pressure on domestic prices. As per the latest assessment done by the ChemAnalyst database, for the week...
