Commodity Market Report

Global lithium short-term outlook May 2022

31 May 2022

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31 May 2022

Global lithium short-term outlook May 2022

Report summary

The May short-term outlook on the lithium market includes an overview of recent events, our outlook on supply and demand as well as a view on current prices and an outlook on quarterly prices for the next two years. While prices in Q2 2022 have increased, we have seen lithium prices plateauing with small declines in May. These are likely linked to the slowdown in China due to the COVID-19 related lockdowns in and around Shanghai.

Current prices
Price outlook
- Lithium carbonate
- Lithium hydroxide
- Spodumene concentrate
Electric vehicles
Lithium
Supply
Lithium chemical
Spodumene concentrate
Resources
Refining
China market
The impact of Shanghai’s lockdown on the lithium market

Tables and charts

This report includes 14 images and tables including:

Electric vehicle sales by region, thousands of vehicles
Cathode demand by type, t
Lithium demand by cathode chemistry, t LCE

Lithium demand by product, kt LCE
Lithium chemical supply outlook by product, kt LCE
Chinese lithium carbonate import
Lithium carbonate
Lithium hydroxide
Lithium carbonate
Lithium hydroxide
Spodumene concentrate export
Quarterly lithium carbonate price forecast, US$/t CIF excluding VAT, nominal
Quarterly lithium hydroxide price forecast, US$/t CIF excluding VAT, nominal
Quarterly spodumene concentrate price forecast, US$/t CIF excluding VAT, nominal