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Lithium: 5 things to look for in 2023
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Report summary
The lithium market will continue to be underpinned by robust battery demand growth in 2023, with changes in cathode chemistry compositions and rising volume requirements shaping the demand-side landscape. Further development will be seen in supply, led by mineral production ramp-ups in China and development in the rest-of-world, encouraged by high prices. Direct sellable ore (DSO) production re-emerged last year and sales are expected to continue this year in Namibia and Australia. The pricing mechanism for lithium products will continue to evolve in 2023 as the lithium market matures.
Table of contents
- Lithium DSO production to continue in 2023
- Development in the southern cone of Africa
- Mineral concentrate production in China on the rise
- Demand growth and cathode chemistry changes
- Evolution of pricing mechanisms
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