Product
Lithium Fluoride Price Trend and Forecast
Lithium Fluoride Price Trend and Forecast
Lithium Fluoride Regional Price Overview
Get the latest insights on price movement and trend analysis of Lithium Fluoride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Lithium Fluoride Price Trend for Q1 of 2024
The first quarter of 2024 witnessed a general positive pricing environment for lithium fluoride in the Asian markets. The said period was characterized by increasing prices driven by low supplies and higher raw material costs. China experienced an optimistic curve; the overall market dynamics were riddled since the driving factors provided both upward and downward pushes to lithium fluoride prices.
Lithium Fluoride Price Chart
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Low inventories and rising production costs spurred by an incline in crude oil prices pushed the market affirmatively. However, the demands from the downstream sectors were still weak. Therefore, the suppliers controlled supply quantities by limiting the capacity utilizations.
This contrasted with the situation in Europe, where the primary challenges the market faced were oversupply and sluggish demands, particularly from the lithium-ion battery manufacturing sector, leading to a downward pressure on prices. Additionally, Chinese dominance in the electric vehicle (EV) market impacted European and U.S. manufacturers, further contributing to a bearish sentiment in these regions.
Analyst Insight
According to Procurement Resource, the market prices of Lithium Fluoride are likely to oscillate in a similar manner in the coming months given the current market fundamentals and global dynamics.
Procurement Resource provides latest prices of Lithium Fluoride. 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 Fluoride
Lithium fluoride (LiF) is a white, crystalline compound known for its high melting point and wide-ranging industrial applications. It is primarily used in the glass and ceramics industry to increase the durability and refractive index of optical materials. In nuclear reactors, LiF serves as a neutron absorber and coolant due to its excellent thermal stability. It is also crucial as an electrolyte in lithium-ion batteries, enhancing their performance and safety. Additionally, Lithium fluoroide finds use in organic synthesis as a fluorinating agent and in metallurgy as a flux for refining metals.
Lithium Fluoride Product Details
| Report Features | Details |
| Product Name | Lithium Fluoride |
| Chemical Formula | LiF |
| Industrial Uses | Nuclear Reactors, Glass and Ceramics Industry, Electrolytes in Batteries, Fluorinating Agent in Organic Synthesis, Optical Coatings, Flux in Metallurgy, Catalyst |
| Molecular Weight | 25.94 g/mol |
| CAS number | 7789-24-4 |
| HS Code | 2826 19 90 |
| Synonyms | Fluorolithium |
| Supplier Database | SQM, FMC Corporation, Sigma-Aldrich, Albemarle Corporation, Jiangxi Ganfeng Lithium Co. Ltd. |
| 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.
Lithium Fluoride Production Process
- Lithium Fluoride Production by the chemical reaction of lithium hydroxide with hydrogen fluoride.
The synthesis begins with the chemical reaction between lithium hydroxide and hydrogen fluoride. The reaction results in the formation of Lithium fluoride as the resultant, along with water as the byproduct. The resultant is further heated under specific temperatures to obtain anhydrous lithium fluoride as the final product.
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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