Commodity Market Report
Lithium market 2021 outlook to 2050
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The inaugural lithium report contains a significant overhaul of both supply and demand as strong methodologies and datasets have been combined. Our outlook has been extended to 2050. The last few years have been remarkable for the lithium industry and 2021 was no exception. With demand growth outstripping supply growth we saw spot prices increase to record levels. With new supply being added continuously in the coming years we are forecasting a relative balance in the market in the near term and we should see prices moderate to more sustainable levels. In the medium term we are forecasting a calculated supply deficit to occur and as a result prices will increase to levels which incentivise additional supply. While growth in demand LFP cathode chemistry will continue to result in strong growth for lithium carbonate, we are forecasting stronger growth for lithium hydroxide as a result of growing demand for high nickel cathode chemistries.
Table of contents
- Historic prices
- Current price landscape
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Price outlook
- Battery-grade lithium hydroxide
- Battery-grade lithium carbonate
- Technical-grade lithium hydroxide
- Technical-grade lithium carbonate
- Chemical-grade spodumene concentrate
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Market balance outlook
- Lithium chemical market balance outlook
- Battery-grade lithium chemical market balance outlook
- Mineral concentrate market outlook
- Key risks to market balance
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Demand outlook
- Lithium chemical demand outlook
- Mineral concentrate demand outlook
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Supply outlook
- Lithium chemical supply outlook
- Mineral concentrate supply outlook
- Key risks to the base case outlook
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Rechargeable Li-ion batteries
- Lithium demand in automotive
- Lithium demand in automotive by region
- Lithium demand in ESS
- Lithium demand in portable electronics
- Li-ion batteries in power applications
- Lithium demand in motive applications
- 9 more item(s)...
Tables and charts
This report includes the following images and tables:
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Historic lithium prices (contract, US$/t, real 2021)Lithium demand by end-useLi-ion battery demand by end-use
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Lithium demand in ESS sector by productLithium demand in portable sector by productLithium demand in power sector by productLithium demand in motive sector by productLithium demand from industrial sectorsRecycled lithium chemical supplyBattery-grade lithium hydroxide price outlook (US$/t, real 2021)Battery-grade lithium carbonate price outlook (US$/t, real 2021)Technical-grade lithium hydroxide price outlook (US$/t, real 2021)
- 53 more item(s)...
What's included
This report contains:
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