Lithium Nitrate Price Trend and Forecast

Lithium Nitrate Regional Price Overview

Get the latest insights on price movement and trend analysis of Lithium Nitrate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Lithium Nitrate Price Trend for the Year 2024

The lithium nitrate price trend in 2024 reflected the overall volatility of lithium-based chemicals. Prices closely followed lithium carbonate, which underwent a highly unstable year marked by alternating phases of restocking, overcapacity, and reactive supply-side adjustments.
 

Lithium Nitrate Price Chart

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In the first half of the year, lithium nitrate prices remained relatively range-bound, supported by restocking activities ahead of expected seasonal slowdowns in logistics and production. A temporary rise in lithium chemical prices during this period also helped improve producer margins.

As the year progressed into the second quarter, spot demand began to soften. This was accompanied by strong upstream production and limited downstream activity, particularly from battery-related sectors. The lithium carbonate market, a key influence on lithium nitrate pricing, faced sustained declines due to oversupplied conditions and weak procurement from cathode manufacturers. This sluggish sentiment extended to lithium nitrate, resulting in subdued buying interest and low transactional volumes through the mid-year period.

In the third quarter, lithium nitrate prices experienced a brief recovery. Output cuts at select chemical plants and proactive restocking by downstream buyers ahead of national holidays contributed to a temporary stabilization in demand. Consequently, transaction volumes rebounded, reflecting improved liquidity and increased spot market activity.

By the fourth quarter, upstream sentiment turned optimistic again, driven by elevated production rates. However, as downstream buyers restocked ahead of year-end and holiday-related shutdowns, high inventory levels across the value chain led to intensified price competition. Sellers pushed volumes to maintain liquidity, placing downward pressure on spot prices. Although trade activity picked up in the final weeks, overall pricing remained under pressure.

Over the year, lithium nitrate consistently mirrored the cyclical imbalances of the lithium carbonate market, influenced by persistent supply surpluses, fluctuating electric vehicle sector demand, and inconsistent procurement strategies by battery and material manufacturers.

Analyst Insight

According to Procurement Resource, the lithium nitrate price curve is expected to show slight improvement at the beginning of the new year, supported by a projected increase in downstream demand.

Procurement Resource provides latest prices of Lithium Nitrate. 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.