Lithium Hydroxide Prices, Trends & Forecasts | Provided by Procurement Resource
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.
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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 Trends, 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:
Lithium Hydroxide is an industrial chemical that has wide range of applications, especially in cathode material manufacturing activities. The inorganic chemical compound is commercially used as a chief ingredient in the production of lithium soaps of fatty acid, which is further used commercially as a lubricant thickener. In batteries, it is used as an electrolyte along with other metals like nickel and cobalt. It is mainly consumed in the production of cathode materials, such as lithium iron phosphate or lithium cobalt oxide batteries.
Moreover, the compound absorbs carbon dioxide from the air within the spacecraft, which is why it is used in space vehicles. It is an alternative that is preferred over lithium carbonate as a precursor to various cathode materials like nickel and cobalt.
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.
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