Lithium Price Trend and Forecast

Name: Lithium Price Trend and Forecast
Creator: Procurement Resource
License: https://www.procurementresource.com/term-and-condition/
Keywords: Lithium, Lithium Price Trend, Lithium Price

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Lithium Regional Price Overview

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

Lithium Price Trend for Q1 of 2025

During the first quarter of 2025, lithium prices remained under pressure due to persistent oversupply and weak demand. High inventory levels, particularly in China, continued to weigh on the market. Despite some production cuts, the excess availability of low- and mid-grade concentrate stocks further exacerbated the situation. Many producers, especially in Africa and South America, struggled to remain profitable, with some suspending operations.

Lithium Price Chart

Lithium Price Chart

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In China, the market faced additional pressure from an oversupply of refining capacity and large inventories. Even short-term plant shutdowns failed to reduce the commodity’s availability. Recycled lithium from spent batteries added to the supply, while demand for lithium iron phosphate (LFP) batteries was insufficient to create a significant impact on the market.

South America, particularly Argentina, experienced mixed market conditions. Although the region holds substantial lithium reserves, market volatility and regulatory uncertainties limited the impact of new investments. While international firms pursued acquisitions and expansion, the immediate market outlook remained pessimistic. In North America, manufacturers focused on maintaining operational efficiency amid volatile prices.

In some cases, expansion plans were postponed as companies reassessed the economic environment. Trade uncertainties and evolving government policies added further complexities. Despite efforts to strengthen domestic supply chains, global price trends continued to influence the regional market. Overall, continued market volatility kept players risk-averse, with many closely monitoring developments in the battery industry and geopolitical landscape.

Analyst Insight

According to Procurement Resource, the lithium price graph is expected to remain under pressure due to ongoing oversupply in major markets, with inventory levels continuing to weigh down the market.

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About Lithium

Lithium is a highly reactive, soft, and silvery-white metal essential for various industries, particularly in the production of rechargeable batteries for electric vehicles and portable electronics. It is also used in pharmaceuticals, lubricants, and heat-resistant glass. As demand for electric vehicles and renewable energy storage grows, lithium has become a critical resource. However, its supply is limited, and extraction can be environmentally challenging, making the metal's availability and pricing increasingly important in the global market.

Lithium Product Details

Report Features	Details
Product Name	Lithium
CAS number	7439-93-2
HS Code	85076000
Chemical Formula	Li
Molecular Weight	6.94
Supplier Database	Albemarle Corporation, SQM S.A., Tianqi Lithium, Jiangsu Ronghui General Lithium Industry Co., Ltd., Ganfeng Lithium Co., Ltd., Sigma Lithium
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 Production Process

Lithium Production by Lithium Brine: Lithium extraction from brine starts with pumping lithium-rich brine from underground reservoirs to evaporation ponds. The brine is evaporated in these ponds for months, which gives concentrate that contains lithium content. After that, the brine goes through pretreatment that includes filtration and ion exchange to remove impurities. The concentrated brine is with sodium carbonate that gives lithium carbonate. This precipitate is filtered out, washed, and dried to get lithium products.

Lithium Industrial Uses

Lithium has a wide range of industrial uses, with its most prominent application being in rechargeable batteries, particularly for electric vehicles, smartphones, and laptops. It is also used in the production of heat-resistant glass, ceramics, and aluminum production. Lithium compounds, such as lithium carbonate and lithium hydroxide, are utilized in pharmaceuticals to treat bipolar disorder and depression. Additionally, lithium is used in lubricating greases, air treatment, and as an alloy in lightweight materials for aerospace and defense industries.

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).

Lithium Production Cost Report: Operating Costs, Logistics, Utilities, Manufacturing Process, and Raw Material Requirements See more

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