What's inside this year's report?
The lithium industry continues its transformation as the energy transition progresses. Ongoing legislative support and consumer interest in low emission vehicles have facilitated huge capital commitment in production of EVs and associated infrastructure. We’ve also seen a similar commitment of capital in battery and cell capacity.
Existing lithium producers are expanding capacity, and new producers are entering the supply chain. While the additional capacity is more or less sufficient to meet demand in the near term, concerns about the medium and long term are increasing.
In this insight, our experts explore five things we’ll be watching closely in 2022:
- Mine supply will increase
- New lithium chemical supply will commission
- Demand will grow
- Small oversupply forecast for 2022
- Prices will increase before plateauing