One main reason to invest in lithium sector, exceptional growth over coming years.
Lithium battery demand will be more clearer than growth in EVs.
Latest lithium battery shipments in 2023,
1,202.6 GWh, up 25.6% (
~840kt LCE).
Factored in sodium ion battery, lithium battery shipments in 2025,
1,926 GWh,
lithium battery shipments in 2030,
5,004 GWh (
~3.5 million tons LCE).
Global lithium supply in 2023 was around 1 million tons LCE.
How can the extra over 2.5 million tons lithium carbonate equivalent per year to be sought in less than six years???
All imo.
EVtank: Total global lithium-ion battery shipments in 2023 were 1202.6 GWh, up 25.6% year-on-yearZhitong Finance· 01/19 08:39
Recently, the research institute EVtank and the Ivy Institute of Economics jointly released the “White Paper on the Development of China's Lithium-ion Battery Industry (2024)”. According to the white paper data, in 2023, global lithium-ion battery shipments were 1202.6 GWh, up 25.6% year on year, showing a sharp decline compared to 2022.
The Zhitong Finance App learned that recently, the research institute evTank and the Ivy Institute of Economics jointly released the “White Paper on the Development of China's Lithium-ion Battery Industry (2024)”. According to the white paper data, in 2023, global lithium-ion battery shipments were 1202.6 GWh, up 25.6% year on year, showing a sharp decline compared to 2022. Looking at the shipping structure, in 2023, global automotive power battery (EV LIB) shipments were 865.2 GWh, up 26.5% year on year; energy storage battery (ESS LIB) shipments were 224.2 GWh, up 40.7% year on year; small battery (SMALL LIB) shipments were 113.2 GWh, down 0.9% year on year.
Looking at the Chinese market, EVtank data shows that in 2023, China's lithium-ion battery shipments reached 887.4 GWh, an increase of 34.3% over the previous year. The share of global lithium-ion battery shipments reached 73.8%, and the share of shipments continued to increase. In the white paper, EVtank predicts that with the gradual commissioning of lithium-ion battery factories in Europe and the US, the share of lithium-ion battery shipments in China will gradually decline.
Looking ahead, in the “White Paper on the Development of China's Lithium-ion Battery Industry (2024)”, EVtank predicts that
global lithium-ion battery shipments will reach 1926.0 GWh and 5004.3 GWh in 2025 and 2030, respectively. Compared with the “White Paper on the Development of China's Lithium-ion Battery Industry (2023)” released by the agency in early 2023, EVtank lowered its forecast for lithium-ion battery shipments. The main reason is that considering that the industrialization of battery technology, including liquid flow batteries and sodium-ion batteries, has exceeded expectations. Some fields partially replace lithium-ion batteries. In addition, EVtank said that the downturn in the global economy in 2023 also affected traditional lithium battery application markets such as consumer electronics and small power.
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