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    Home > Chemicals Industry > China Chemical > Lithium hydroxide prices have risen sharply

    Lithium hydroxide prices have risen sharply

    • Last Update: 2021-09-19
    • Source: Internet
    • Author: User
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    After Sinochem News entered September, the domestic lithium hydroxide price rose sharply, reaching 144,700 yuan in mid-September (ton price, the same below), a 3-month increase of 63.
    2%, a 164.
    6% increase over the same period last year.

    .

    The industry believes that there are two main reasons for the rise in the price of lithium hydroxide:

    On the one hand, downstream demand has greatly increased
    .
    Lithium hydroxide is mainly used to produce power batteries.


    This year, affected by the huge increase in the production and sales of new energy vehicles, the demand for lithium hydroxide has grown rapidly


    On the other hand, the supply of raw material lithium carbonate is limited
    .
    According to the statistics of the business agency, the price of lithium carbonate has shown a skyrocketing trend recently.


    Lithium carbonate companies have raised their prices for several consecutive weeks.


    Cinda Securities believes that in the context of tight supply and demand, the price of lithium hydroxide is expected to continue to rise, and it is expected to break through the historical high of 160,000 yuan within the year and hit 200,000 yuan


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