The US lithium hydroxide market surged significantly in January ****, driven by persistently tight feedstock, escalating import costs, and robust electric vehicle (EV) momentum. Market participants reported a steep upswing in lithium hydroxide pricing as converters contended with limited domestic output, heavy reliance on Australian and Canadian spodumene, and heightened tariffs on imported material, creating a bullish pricing environment early in the year.
With the Thacker Pass development lagging significantly and Albemarle&#**;s Kings Mountain mine yet to offset, domestic converters continue to rely heavily on imported spodumene. Continued structural shortages in LiOH have created upward pressure on LiOH availability and made it difficult for battery producers and automotive OEMs to procure the raw materials they need.
Tightening of import dynamics due to increased tariff rates on Chinese-produced material has also contributed to a more constrained market. With only Australian and...
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