Chinese lithium hydroxide prices played catch-up amid tight supply – report
Chinese lithium hydroxide prices experienced a double-digit percentage growth for two weeks in a row amid tight supply and strength from China’s lithium carbonate market.
The reason for central banks’ recent gold accumulations has little to do with safe havens and a lot to do with chipping away at the US dollar’s role as the reserve currency.
United Nations officials and atomic regulators are poised to loosen rules on the industry, unlocking finance to take more radioactive material out of the ground without corresponding new checks.
The majority of production will feed the Japanese battery industry and will be sourced from the lithium carbonate produced from Orocobre’s Olaroz mine in Argentina.
The outlook comes after China's Tsingshan Group surprised the market last year with a low-cost estimate and short time frame to launch a $700 million plant on the Indonesian island of Sulawesi.