Commodity Market Report

Global lithium strategic planning outlook - Q1 2023

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The lithium market is emerging from a period of supply deficit and moving towards a market in surplus. This move is resulting in the current correction of lithium prices. The lithium industry continues to be unparalleled in terms of growth and evolution. This strategic planning outlook for the first quarter of 2023 provides a review of current changes in the lithium industry against the backdrop of a long-term view to 2050, in terms of: * supply developments * demand outlook, including EVs, cathode chemistry and lithium demand * price outlook in nominal and real terms

Table of contents

    • Market balance
    • Price outlook
  • Demand
  • Supply
    • Lithium chemical market balance outlook
    • Battery-grade lithium chemicals market balance outlook
    • Spodumene concentrate market balance
    • Battery-grade lithium hydroxide
    • Battery-grade lithium carbonate
    • Technical-grade lithium hydroxide
    • Technical-grade lithium carbonate
    • Chemical-grade spodumene concentrate
    • Incentive price outlook for lithium carbonate
    • Incentive price outlook for spodumene concentrate
  • Lithium chemical demand outlook
  • Spodumene concentrate demand outlook
  • Rechargeable battery outlook
  • Industrial market outlook
    • Lithium chemical supply and conversion capacity
    • Lithium chemical supply and conversion output
    • Mineral concentrate capacity
    • Outlook
    • Recycling from automotive batteries

Tables and charts

This report includes 44 images and tables including:

  • Lithium chemical demand and EV penetration forecast
  • Mine capacity
  • Mine supply
  • Lithium chemicals supply
  • ICE vehicle contribution to global vehicle sales
  • Summary cathode chemistry
  • Lithium demand by end-use
  • Lithium demand by product
  • Mineral concentrate demand by product
  • Li-ion battery demand by end-use
  • Lithium demand from industrial sectors
  • Annual supply and demand growth rates
  • Lithium market balance
  • Annual contract price forecast, US$/t (real, 2023$)
  • Lithium chemical balance, base case
  • Lithium chemical balance, all case
  • Battery-grade lithium chemical balance, base case
  • Battery-grade lithium chemical balance, all case
  • Spodumene concentrate balance, base case
  • Spodumene concentrate balance, all case
  • Battery-grade lithium hydroxide price outlook (US$/t, real 2023)
  • Battery-grade lithium carbonate prices (US$/t, real 2023)
  • Technical-grade lithium hydroxide prices (US$/t, real 2023)
  • Technical-grade lithium carbonate prices (US$/t, real 2023)
  • Chemical-grade spodumene concentrate prices, (US$/t, real 2023)
  • Incentive price outlook, lithium carbonate (2030) at 20% IRR*
  • Incentive price outlook, spodumene concentrate (2030) at 20% IRR*
  • Refined capacity by country
  • Refined capacity by integration
  • Refined capacity by raw material source
  • Refined supply by classification
  • Refined supply by country
  • Refined supply by company
  • Top five producers of refined lithium (2023)
  • Top five producers of refined lithium (2033)
  • Refined battery-grade supply by process
  • Mine capacity by classification
  • Mine capacity by type
  • Mine capacity by country
  • Mine supply by classification
  • Mine supply by country
  • Mine supply by type
  • Mine supply by company
  • Recycled lithium chemical supply

What's included

This report contains:

  • Document

    Global lithium strategic planning outlook - Q1 2023

    PDF 1.42 MB