Lithium chloride , with the chemical formula LiCl, is a white crystal that is mainly used in the field of air conditioning and can be used as a flux, desiccant and chemical reagent. At the same time, it is also used in the manufacture of fireworks, dry batteries and metallic lithium. In addition, the catalytic amount of lithium chloride can significantly improve the efficiency of the substitution reaction of LDA.
In industry, lithium chloride is widely used. For example, it is one of the important raw materials for preparing lithium-ion batteries and can be used to make cathode materials and electrolytes. In the metallurgical industry, lithium chloride can be used as a smelting aid for steel, aluminum and other metals. In the chemical industry, lithium chloride is used as a catalyst and as a raw material for the manufacture of organic compounds. In laboratory research, lithium chloride is also often used to conduct chemical reactions or control humidity.
According to statistics, in the past month, the price of lithium chloride has been reduced by about 20%. In the past year, the price of lithium chloride has been reduced by about 70%. This is a relatively large adjustment in the past five years. This price reduction is mainly due to the slowdown in the new energy vehicle market, resulting in reduced demand for lithium batteries. In addition, new production capacity in major lithium ore producing countries such as Australia has also increased market supply in the short term, further driving down the price of lithium chloride.
Lithium chloride is an important raw material for lithium battery manufacturing, and its price reduction directly affects the cost of lithium batteries. This is undoubtedly a blow to industries such as new energy vehicles and energy storage equipment. At the same time, the reduction in lithium chloride prices may also affect the economic conditions of some areas that rely on lithium mining.
However, some industry insiders said that the reduction in lithium chloride prices may stimulate more people to enter the field of lithium battery recycling. Because with the extensive use of lithium batteries, their recycling will become an important green issue. The main raw material for lithium battery recycling is lithium chloride.
Overall, the sharp reduction in lithium chloride prices has had a profound impact on the global lithium industry chain. In the future, how the market will adjust and how companies will respond are all issues worthy of attention.
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