SQM plans to propose major lithium hydroxide expansion, CEO says. SQM, the world's No. 2 lithium producer, said on Thursday 04/03/2021 it hoped to soon double its goal of expanding production of lithium hydroxide from 30,000 to 60,000 tonnes! as demand for the electric vehicle battery metal soars...
Is history going to repeat itself?
...in 2018 SQM has increased its lithium carbonate production...and soon after SQM, Albemarle, FMC Corp. and Aussie lithium stocks ORE, PLS, GXY have dropped 16% to +26% due to concerns that lithium prices will decline because of a lithium oversupply in the market beginning in 2019...
...lithium hydroxide is better suited in the production of the batteries with NCM 811 cathodes when compared to its alternative, lithium carbonate...Although lithium carbonate can be converted into lithium hydroxide, it comes at an additional cost...
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