The Price of Lithium Hydride

Today I would like to share with you what I know about the price of lithium hydride, which is of concern to you. The price of lithium hydride (LiH) is affected by many factors, including production costs, market demand, supply chain conditions and fluctuations in the price of lithium resources. I'll briefly describe them below, and I hope they will be helpful to you.

1. Factors affecting the price of lithium hydride

Lithium resource price: The main raw material of lithium hydride is lithium, and lithium prices are affected by the global electric vehicle industry demand, mineral supply and other factors, in recent years the price of lithium fluctuations, lithium prices directly affect the price of lithium hydride.

Production Costs: The production of lithium hydride requires complex chemical processes and high purity requirements, which makes its production costs higher. Energy prices, labour costs and environmental requirements also affect the final price.

Changing Demand: The growing demand for lithium hydroxide in aerospace, nuclear, electronics, and new energy storage is driving the market demand.

Supply chain factors: Factors such as geopolitics, logistics costs, and global epidemics may affect the supply chain of lithium hydride, leading to price fluctuations.

2. Market Reference Price

The price of lithium hydride varies depending on purity and application. Below is a range of prices around 2023:

Industrial grade lithium hydride: The price of lithium hydride for industrial use is around USD 500 to USD 1,000 per kilogram. It is typically between 90 and 95 per cent pure and is suitable for general chemical and industrial applications.

High purity lithium hydride: High purity lithium hydride (99% purity or higher), used in high technology applications such as the electronics industry, nuclear energy and aerospace, is more expensive, typically in the range of US$1,000 to US$2,000 per kilogram or more.

3. Future price trends

Lithium resource scarcity: As global demand for lithium resources increases, especially with the expansion of electric vehicles, batteries and new energy technologies, the price of lithium compounds is likely to remain high, which will further push up the price of lithium hydride.

Technological advances: Advances in production technology and process optimisation may help to reduce production costs, but given the high technical barriers to applications, the price of lithium hydride will remain high.

Policy impact: National support for new energy and carbon neutral policies may further drive demand for lithium hydride in hydrogen and energy storage, which could affect its market price.

Prices may vary depending on region, supplier and market conditions.

Therefore, it is important for you to choose a supplier with an advantage.