Lithium Carbonate Price In USA
- United States: 18225 USD/MT (Lithium Carbonate Battery Grade)
In the USA, the lithium carbonate market remained bearish with a moderate to high supply. Demand was soft due to low downstream demand from the domestic automotive industry. By the quarter ending December 2023, the latest prices for lithium carbonate battery grade DDP USGC settled at 18,225 USD/MT.
Lithium Carbonate Prices December 2023:
- United States: 18225 USD/MT (Lithium Carbonate Battery Grade)
- Japan: 17060 USD/MT
- Belgium: 18010 USD/MT
- Chile: 16710 USD/MT
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The study delves into the factors affecting lithium carbonate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Lithium Carbonate Price Trend - Q4 2023
The lithium carbonate market is experiencing significant growth, primarily driven by the burgeoning demand for electric vehicles (EVs) and energy storage systems (ESS). As governments and corporations worldwide intensify their efforts to transition to more sustainable energy sources, the demand for lithium-ion batteries, where lithium carbonate is a key component, has surged. This compound is essential for the production of high-energy density batteries, which are crucial for powering EVs and providing efficient energy storage solutions. Additionally, the increasing adoption of portable electronics that require rechargeable batteries contributes to the demand for lithium carbonate. The push towards renewable energy integration and the electrification of transport are also pivotal in driving the extensive mining and processing of lithium, as these sectors seek to reduce carbon emissions and enhance energy efficiency. This ongoing shift towards green energy solutions positions lithium carbonate as a critical material in achieving global sustainability goals, thereby propelling the market forward.
Lithium Carbonate Market Analysis
The global lithium carbonate market size reached US$ 5.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 7.5 Billion, at a projected CAGR of 3.60% during 2023-2032. Over the last quarter, lithium carbonate prices have been influenced by several key factors that underscore the volatility and responsiveness of the market to external pressures and opportunities. The North America lithium carbonate market faced a bearish market sentiment throughout Q4 2023. The demand from the domestic automotive industry remained low, and downstream demand from lithium-ion battery manufacturing industries remained stagnant resulting in a decline in prices. The market witnessed adequate inventories of the product in the region, and imports remained consistent. Besides, the Asia Pacific region's market remained bearish in Q4 2023 due to poor downstream demand from the battery manufacturing industry.
The market had high supply, and demand was low, leading to a decline in prices throughout the quarter. Moreover, the market in Europe during the current quarter of 2023 (Q4) faced significant challenges and experienced a downward trend in prices. The top three factors that impacted the market were weak demand from downstream industries, low-priced imports, and deteriorated business sentiments. The demand for lithium-ion batteries in the manufacturing sector decreased, leading to suppressed consumer inquiries. Additionally, the dropping prices of lithium carbonate in China also influenced the European market. In Belgium, the prices of lithium carbonate decreased by 37% compared to the previous quarter and by 76% compared to the same quarter last year. The country experienced a bearish market situation with moderate supply and low demand.
Furthermore, investment and speculation in the lithium market have also influenced lithium carbonate prices. As investors anticipate higher future demand due to the global push towards electrification and renewable energy, financial investment in lithium carbonate has increased, leading to speculative price hikes. Additionally, currency fluctuations and inflationary pressures in key economies have impacted the cost structures of lithium production and, consequently, market prices. These economic factors, combined with the strategic importance of lithium for the green energy transition, have led governments and private entities to secure lithium resources, which adds an additional layer of complexity to market dynamics.
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Key Points Covered in the Lithium Carbonate Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Lithium Carbonate Prices
- Lithium Carbonate Price Trend
- Lithium Carbonate Demand Supply
- Lithium Carbonate Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Lithium Carbonate Price Analysis
- Lithium Carbonate Industry Drivers, Restraints, and Opportunities
- Lithium Carbonate News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Colombia, Chile, Ecuador, and Peru
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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