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Lithium Carbonate (CLi2O3) is the carbonate salt of lithium. It’s classed as a soft alkali metal which is an antimanic and hematopoietic. It is a mood-stabilizing agent from the psychological class of drugs (mood stabilizers or anti-manic agents) which helps treat problems such as bipolar disorder, depression, and acute manic episodes.
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It has several benefits, like fewer instances of manic episodes and reduced signs of exaggerated feelings of well-being, anxiousness, others trying to harm one, fast/loud speech, irritability and aggressive/negative behaviours.
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 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, chart, including India Lithium Carbonate price, USA Lithium Carbonate price, 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 primarily a mood-stabilizing agent used in the medical sector for the treatment of mental disorders like bipolar disorder.
Furthermore, it is used in various products like rechargeable batteries for powering electric vehicles, portable medical devices, and smartphones, and for making ceramic and glass due to its bonding properties which form vibrant, durable glazes, heat-resistant oven glasses and sealants.
Together with other alkali metal carbonates, it can be used to make carbon dioxide detectors which are life-saving devices, and upon being combined with aluminium, it forms alloys that are used in the aeronaval industry, which contributes to the market's expansion. Also, it is employed in the construction industry for curing and densifying concrete, adhesives and flooring screeds.
Key Players:
- Tianqi Lithium
- Targray
News & Recent Development
- 7 March 2023- China's lithium carbonate market is expected to make a recovery in demand after the latest incentive measures, which will boost the sales of new energy vehicles (NEV) significantly.
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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.