Lithium carbonate is a chemical compound with the formula Li2CO3. It is a white, odorless powder that is used primarily in the medication of bipolar disorder, where it serves as a mood stabilizer. Lithium carbonate is also utilized in the manufacturing of lithium-ion batteries, ceramics, and glass. Due to its ability to stabilize mood swings and reduce the severity of manic episodes, it is commonly prescribed for individuals with mood disorders. In addition to its medical uses, lithium carbonate plays a role in various industrial applications, particularly in the production of lithium salts and other lithium compounds.
The oversupply of lithium carbonate in China is exerting downward pressure on power battery cell prices, leading to a continuous decline, according to market research firm TrendForce. The current oversupply…