Lithium Hydroxide Prices Today, Price Chart and Forecast Analysis Provided by Procurement Resource

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Lithium Hydroxide Prices Today, Price Chart and Forecast Analysis Provided by Procurement Resource

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Amanda Williams 14 Feb 2024

Lithium Hydroxide (LiOH) is a liquid chemical compound that is inorganic in nature. The chemical is watery-whitish in color and has a strong, pungent odor that is highly soluble in water and is hygroscopic. The chemical compound's melting and boiling point measure around 462° C and 924° C, respectively.

Moreover, the compound is also soluble in ethanol solution. It is classified as a strong base, while it is also considered to be the weakest known alkali metal hydroxide. It undergoes a double displacement reaction in the presence of a catalyst, i.e., sulfuric acid, that gives lithium sulfate and water as the resultant products. The compound has a neutralizing effect on the acid it is reacted with; one such common acid is hydrochloric acid.

Request for Real-Time Lithium Hydroxide Prices: https://procurementresource.com/resource-center/lithium-hydroxide-price-trends/pricerequest

India, the Netherlands, and the United States are key importing countries to import Lithium Hydroxide. On the other hand, the key exporting countries include the United States, Belgium, and the Netherlands.

Key Details About the Lithium Hydroxide Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Lithium Hydroxide price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Lithium Hydroxide Price chart, including India Lithium Hydroxide price, USA Lithium Hydroxide price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Lithium Hydroxide Price Trend:

The market for Lithium Hydroxide is dynamic, reflecting its diverse applications, particularly in the production of cathode materials. This inorganic compound serves as a pivotal component in manufacturing lithium soaps of fatty acids, pivotal in lubricant thickening processes. It also functions as an electrolyte in batteries, alongside metals such as nickel and cobalt, primarily used in cathode materials like lithium iron phosphate or lithium cobalt oxide batteries.

Furthermore, Lithium Hydroxide's ability to absorb carbon dioxide makes it invaluable in spacecraft environments. Its preference over lithium carbonate as a precursor for cathode materials, especially nickel and cobalt, underscores its versatility.

Monitoring Lithium Hydroxide Price Trends and the Lithium Hydroxide Price Index is crucial for stakeholders in this sector. These metrics offer insights into the fluctuating Lithium Hydroxide Prices, allowing informed decision-making within the industry.

Key Players:

Albemarle
SQM
Jiangxi Dongpeng New Materials
Tianqi Lithium
Livent
Ganfeng Lithium
Sichuan Yahua Group
Ruifu Lithium

News & Recent Development

Date: February 20, 2023- Australia's largest lithium dealer Pilbara Minerals has announced that it is selling around 15000 tonnes of spodumene in March. The strategy aims to win against the falling Lithium Hydroxide prices in the market.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Amanda Williams
Email: sales@procurementresource.com
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Reference Link - https://theprocurementexpert.com/lithium-hydroxide-price-trend/