Shandong Ruifu Lithium reduces lithium hydroxide production
2023-04-07 11:05:33 [Print]
BEIJING (Asian Metal) 7 Apr 23 - Shandong Ruifu Lithium Co., a major lithium hydroxide 56.5%min producer in Shandong province, China, reduced lithium hydroxide 56.5% production by around 200t MoM to about 600t in March 2023, according to a source from the company.
"As buyers purchased inactively, we produced about 600t of lithium hydroxide 56.5%min in March, compared with about 800t in February," said the source.
Established in 2010, Shandong Ruifu Lithium Co. owns an annual production capacity of 15,000t of lithium hydroxide 56.5%min, produced about 9,600t in 2022 and about 2,200t so far in 2023. The company holds no stock now, unchanged MoM.
The current mainstream prices of Chinese lithium hydroxide 56.5%min, K 0.003%max, Ca 0.005%max, Magnet 0.0001%max slid to RMB305,000-315,000/t (USD44,343-45,797/t) delivered D/A 180 days, down by about RMB20,000/t (USD2,908/t) from one week ago.
"As buyers purchased inactively, we produced about 600t of lithium hydroxide 56.5%min in March, compared with about 800t in February," said the source.
Established in 2010, Shandong Ruifu Lithium Co. owns an annual production capacity of 15,000t of lithium hydroxide 56.5%min, produced about 9,600t in 2022 and about 2,200t so far in 2023. The company holds no stock now, unchanged MoM.
The current mainstream prices of Chinese lithium hydroxide 56.5%min, K 0.003%max, Ca 0.005%max, Magnet 0.0001%max slid to RMB305,000-315,000/t (USD44,343-45,797/t) delivered D/A 180 days, down by about RMB20,000/t (USD2,908/t) from one week ago.
