Texas, USA: In April xxxx, the US Lithium Hydroxide market experienced stability, with balanced market dynamics and consistent prices observed over recent sessions. Demand for Lithium Hydroxide from the downstream Lithum-ion battery sector remained moderate. In response to oversupply, sellers in South American nations Chile and Argentina have continued to lower their quoted prices for Lithium Hydroxide.
In the United States, new vehicle sales experienced growth from January to March xxxx, indicating market resilience despite high-interest rates. However, the growth rate of electric vehicle sales slowed during the same period compared to the previous year. Regarding supply, while low-water measures in Panama did not result in significant disruptions to container traffic, the easing of Panama Canal transit restrictions as the region enters the long-awaited rainy season is noteworthy. The Panama Canal Authority has announced its intention to continue relaxing low-water restrictions in response to increasing rainfall levels,...
