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Lithium Carbonate is an inorganic compound with chemical formula Li2CO3. It is an essential chemical for various industries. The molecular mass of lithium carbonate is 73.891 g/mol and its density is 2.11 g/cm³.
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The melting point of lithium carbonate is 723 °C. It is also referred to as Carbonic Acid lithium Salt. It is white in colour and is employed in the metal processing.
The top lithium carbonate producing countries are the South Korea, Japan, China, the United States, and Belgium.
Key Details About the Lithium Carbonate 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 carbonate price, galvanized sheet price and garlic oleoresin price etc. 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 carbonate price trend, 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 Carbonate Price Trend:
Lithium carbonate is used in a variety of industrial manufacturing processes, which has an impact on price trends. These include using it as a substance in the chemicals used to make lithium-ion batteries. Glasses made of lithium carbonate are good for ovenware. Lithium carbonate is a common ingredient in ceramic glazes that are fired at low and high temperatures.
It generates low-melting fluxes when combined with silica and other minerals. Metal oxide colourants, particularly red iron oxide, can be changed in glazing due to their alkaline properties. Cement benefits tile adhesives by setting more quickly when prepared with lithium carbonate.
Key Players:
- SQM
- Albemarle
- Livent
- Orocobre
- Tianqi Lithium Industry
- Yang Feng Lithium Industry
- Shandong Ruifu Lithium Industry
News and Events:
- November 09, 2022: Since the year's beginning, the cost of lithium carbonate, a refined substance, has more than doubled in China. They set a new high on November 4 by reaching 587,500 yuan (USD 81,349) per tonne. Last quarter, Ganfeng Lithium Group Co., and Tiangi Lithium Corp., the two largest lithium producers in China, both reported considerable rises in quarterly profits.
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