Texas, USA: The US lithium hexafluorophosphate market exhibited a bearish trend in December xxxx as prices tumbled throughout the month due to poor demand from downstream cathode active materials (CAM) manufacturers. In addition to this, US cathode manufacturing firms experienced declining production costs of lithium hexafluorophosphate due to piled-up inventories in the domestic market.
Since the beginning of xxxx, Lithium Hexafluorophosphate prices in the United States have been on a downward trend, primarily driven by consistent reductions in the cost of imported raw materials. Furthermore, the escalation of market competition from China prompted lithium-rich Chile to lower its supply quotes, igniting a pricing battle among major industry players and resulting in a considerable reduction in lithium hexafluorophosphate prices.
Moreover, the NCM cathodes market has influenced the lithium hexafluorophosphate market. According to industry experts, certain cathode manufacturers have switched back to...
