Product
Lithium Carbonate Price Trend and Forecast
Lithium Carbonate Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Lithium Carbonate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the Q1, Q2 and Q3 of 2022
Asia
The price trends for Lithium Carbonate kept strong during the first quarter owing to the limited inventory and high downstream demand. The downstream lithium hydroxide market was on the rise, and owing to the strong cost support, the lithium carbonate prices averaged 369,600 RMB/MT in Q1.
The second quarter continued with positive price trends. However, the prices fell slightly mid-quarter as the demand side was impacted owing to epidemic restrictions. Also, the acceptance of high-priced lithium salts was low. The lithium carbonate prices averaged 460,000 RMB/MT towards the end of the second quarter. As the market demand rebounded owing to solid support from the EV sector, the prices inclined again, averaging 494,000 RMB/MT towards the end of Q3.
Europe
Lithium carbonate prices surged throughout the first quarter owing to robust demand from the downstream sectors. With the manufacturers restricting activities with the Russian suppliers, the feedstock prices soared. The situation worsened with the Russian invasion of Ukraine, triggering an energy crisis and high-cost inflation. The prices dwindled but recovered soon as the demand surpassed the supply. The heavier prices continued in the third quarter averaging 74622 USD/MT.
North America
Similar price trends were seen in the US domestic market. The prices kept high owing to solid demand amid labour shortages, power consumption restrictions, high feedstock prices, supply shortages and inflationary pricing. With the world switching to greener methods massive surge in the market was created to acquire lithium carbonate manufacturing processes/facilities, thus driving the prices further. The lithium carbonates prices averaged 72960 USD/MT towards the end of Q3.
Procurement Resource provides latest prices of Lithium Carbonate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Lithium Carbonate is an inorganic salt heavily used in the production of metal oxides. It is a potent irritant when mixed with water. It is an essential medicine as it is used in the treatment of mood disorders. It is widely used in the manufacturing of lithium-ion batteries.
Product Details
| Report Features | Details |
| Product Name | Lithium Carbonate |
| HS CODE | 283691 |
| CAS Number | 554132 |
| Chemical Formula | Li2CO3 |
| Synonyms | Carbonic Acid lLithium Salt, Dilithium Carbonate |
| Molecular Weight | 73.89 g/mol |
| Supplier Database | Tianqi Lithium, Targray |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Process
Lithium carbonate is manufactured via brine. The impurities such as boron and magnesium is removed from the brine which is then precipitated by adding sodium carbonate. The precipitate obtained is subjected to purification process thereby giving lithium carbonate.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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