...understand the change in the lithium industry demand-supply dynamics.
...furthermore the two largest consumers are Chinese and have their own lithium mines.
...the tables have tilted favoring consumers over suppliers.
Lithium Industry Evolution: from an Oligopoly to a Monopsony
Whereas in 2010, the world´s two largest producers supplied 68% of the global lithium market, by 2024 their share has shrank to 33%.... and decreasing.
On the demand side, in 2010 the world´s two largest consumers accounted for around5% of global demand. By 2024 their share has grown to 36%... and increasing. With this large market share, the capability to control market dynamics is huge…
