US Lithium Carbonate Market Finds Stability in March 2024 Amidst Shifting EV Demand Dynamics

US Lithium Carbonate Market Finds Stability in March 2024 Amidst Shifting EV Demand Dynamics

Bob Duffler 27-Mar-2024

Texas, USA: The Lithium Carbonate market in the USA has demonstrated stability throughout March xxxx, with prices rebounding after falling for the past seven months. At the beginning of March, Lithium Carbonate prices increased in the US domestic market due to imports of expensive goods from Chile. As Chinese and other Asian markets reopened, consumers began restocking their inventories. Furthermore, the uptick in prices was bolstered by the performance of Lithium Carbonate futures on the Guangzhou Futures Exchange in China. All these factors positively influenced the Lithium Carbonate market across the nation.

In terms of domestic demand, consumption of Lithium Carbonate has remained moderate due to an oversupplied market. Despite achieving a new record, electric vehicle (EV) sales in the United States fell short of projections by as many as xxx,xxx units in xxxx, even as they soared to unprecedented levels. The offered quotations for Lithium Carbonate...

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