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China's lithium hydroxide exports to rise this year - Pilbara CEO [Reuters]

POSCO (PKX)  More Company Research Source: Reuters
PDF China's lithium hydroxide exports to rise this year: Pilbara CEO | Reuters 3 Min Read MELBOURNE (Reuters) - China is likely to lift exports of battery chemicals such as lithium hydroxide this year as domestic producers expand output and try to profit from higher overseas prices amid rising global demand for electric vehicle batteries, the chief executive of lithium miner Pilbara Minerals said on Friday. The increasing exports from China, which is mainly considered a buying of battery materials because of its large concentration of battery manufacturers, highlights an oversupply of some lithium products in the country currently. Prices for high purity lithium hydroxide outside of China have held up better than those in the domestic market which have been depressed by heavy production of lower quality lithium carbonate from brine lakes, said Ken Brinsden, Chief Executive of Pilbara said on the company’s second-quarter earnings call. Higher global prices for better quality material were [Read more]
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