Lithium market follows seasonal changes -Lithium - Ion Battery Equipment
In a statement on Monday, Galaxy Resources Ltd claimed that lithium battery prices and demand for lithium-ion battery products, including electric vehicles, are beginning to show seasonal trends. According to the data, as of April 23, the price of lithium carbonate has fallen by 12.5% in 2018, and the price of lithium hydroxide has fallen by 0.7%.
The market for lithium chemicals remains very tight, which will continue to support a strong price outlook, with lithium carbonate prices up 13.4% from a year ago.(Lithium - Ion Battery Equipment)
BenchmarkMineralIntelligence said in a report this month: the global average price of lithium carbonate in March was $17,513/ton; the global price of lithium hydroxide was unchanged at $19,388/ton; the average price of spodumene remained unchanged at $880/ton. USD/ton.
The falling cost of energy storage technology is boosting the use of battery storage, which is expected to provide significant upside for lithium demand, Galaxy said.
In the preceding three months, Galaxy Resources Ltd's sales fell to 44,258 tonnes from 58,094 tonnes in the first quarter of 2018.
The market for lithium chemicals remains very tight, which will continue to support a strong price outlook, with lithium carbonate prices up 13.4% from a year ago.(Lithium - Ion Battery Equipment)
BenchmarkMineralIntelligence said in a report this month: the global average price of lithium carbonate in March was $17,513/ton; the global price of lithium hydroxide was unchanged at $19,388/ton; the average price of spodumene remained unchanged at $880/ton. USD/ton.
The falling cost of energy storage technology is boosting the use of battery storage, which is expected to provide significant upside for lithium demand, Galaxy said.
In the preceding three months, Galaxy Resources Ltd's sales fell to 44,258 tonnes from 58,094 tonnes in the first quarter of 2018.
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