Lithium Metal Price in USA
- United States: 145625 USD/MT (Lithium Metal 99.9%)
In the United States, in Q4 2023, lithium metal prices saw a significant drop to 145625 USD/MT (Lithium Metal 99.9%). This decrease was influenced by reduced demand and an increase in low-priced imports, mainly from China, Zimbabwe, and Australia.
The latest report by IMARC Group, titled "Lithium Metal Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of lithium metal price trend. This report delves into the price of lithium metal globally, presenting a detailed analysis, along with informative lithium metal price chart. Through comprehensive lithium metal price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the lithium metal demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Lithium Metal Prices December 2023:
- United States: 145625 USD/MT (Lithium Metal 99.9%)
- Germany: 41351 USD/MT (Lithium Metal Granulate)
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The study delves into the factors affecting lithium metal price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Lithium Metal Price Trend- Q4 2023
In the first quarter of 2024, the Lithium Metal market faced considerable challenges across various regions, marked by significant price declines and market instability. In North America, prices fell sharply due to weakened consumer demand and an oversupply situation. The downstream lithium-ion battery manufacturing sector, in particular, faced subdued demand as consumers adopted a cautious approach amid falling prices. This led to shrinking profit margins for manufacturers due to reduced production costs. The influence of the Chinese market was significant, both domestically and internationally, with Chinese electric vehicle manufacturers surpassing Tesla in sales and achieving record-breaking battery-only vehicle sales. In the United States, Lithium Metal prices decreased notably, attributed to subdued demand from downstream markets and an influx of low-cost imports.
Lithium Metal Market Analysis
The global lithium metal market size reached US$ 2.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 13.4 Billion, at a projected CAGR of 20.60% during 2023-2032. In the Asia-Pacific (APAC) region, the first quarter of 2024 also proved challenging for the Lithium Metal market, characterized by significant price fluctuations and a bearish sentiment. The influx of cheaper imports, particularly from China, led to market oversupply as Chinese manufacturers offered lower prices due to declining raw material costs and increased production efficiency. Weak demand from the downstream lithium-ion battery manufacturing industry further dampened prices. China, experiencing the most significant price changes in the region, faced high supply and low demand, resulting in a substantial decline in prices. Seasonal trends also reflected a notable price decline in the first half of the quarter, with some stabilization towards the end.
In Europe, the Lithium Metal market in Q1 2024 experienced considerable downward pressure on prices due to weak demand from downstream sectors, particularly the lithium-ion battery manufacturing industry. This sector saw reduced demand as consumers adopted a cautious approach amid falling prices. Oversupply driven by low-cost imports from countries such as Zimbabwe and Australia further compounded the market's challenges, leading to poor new order growth globally and declining prices. Manufacturing firms reported shrinking profit margins as production costs decreased, and inventory accumulation restricted market activities. The prices of imported goods were expected to decrease further, with high inventories predicted to persist in the domestic market. Overall, the pricing environment in Europe for Lithium Metal during Q1 2024 was negative, with bearish market sentiments prevailing. The market experienced low demand and high supply, leading to declining prices. This trend is expected to continue, with further declines in inquiries and slow production rates anticipated.
Key Points Covered in the Lithium Metal Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Lithium Metal Prices
- Lithium Metal Price Trend
- Lithium Metal Demand & Supply
- Lithium Metal Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Lithium Metal Price Analysis
- Lithium Metal Industry Drivers, Restraints, and Opportunities
- Lithium Metal News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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