Lithium prices collapse on China export record
Lithium hydroxide prices collapsed in July after China's net exports of lithium hydroxide hit a record level in June. Despite strong demand for hydroxide from Japan and particularly from Korea, the Asian region was still a substantial net exporter, suggesting a substantial regional oversupply which obviously weighed on pricing in July. Lithium carbonate prices also fell 6% in July as lower H2 spodumene concentrate contract price fixes allowed converters to lower their asking prices. High downstream inventories suggest that prices are unlikely to recover in the near-term. For more detailed discussion of trade and demand in key battery raw materials,...