GLOBAL LITHIUM WRAP: Slow take-up of nickel-rich batteries weigh on Chinese hydroxide price; market shrugs off carbonate rebound
Published: Friday, 24 May 2019
China’s domestic lithium hydroxide market dropped by 2.3% on Thursday May 23 on a gloomy downstream demand outlook, while the lithium carbonate price adjusted upward and the rest of the global market followed the recent price downtrend in China.
Low uptake of nickel-rich cathodes in the auto industry
negatively affected upstream battery-grade hydroxide
demand.Domestic Chinese battery-grade lithium carbonate price
moved up, but market says there is more weakness to come.
Rest-of-world prices slid week on week.
Market participants cited disappointing levels of production
and adoption of nickel-rich cathodes such...