At the beginning of May xxxx, prices of lithium carbonate in the US displayed relative firmness, with implications for shifting the market dynamics following a wave of volatility. This firmness stems from the combination of adjusting supply and adjusting patterns of demand within the electric vehicle space. The previous price declines were primarily linked to an oversaturated marketplace, as higher production from countries such as Chile and Argentina induced oversupply situation.
For the week of May x, xxxx, the US battery-grade lithium carbonate prices were valued at USD xx,xxx per tonne, indicating price stability from the previous week. This is after a significant price fluctuation in the first half of the year, where prices dropped below USD xx,xxx per metric ton as a result of oversupply and lukewarm consumer demand.
As a response to the persistent muted prices, major lithium carbonate producers...
