Lithium Related News, page-1456

There are some statements in the article that are worth quoting.

"These delays (in bringing new production online) and misleading timelines add to the myth of oversupply. If all expansions had been taken at face-value at the height of the market, we would see almost an additional 500,000 tonnes of lithium chemical capacity by 2020. In reality this figure will be less than 40% of this number."

"As with any new lithium chemical production, only a proportion of this material will likely be sold into the battery sector from the outset. Even leading producers have problems meeting specs in the initial stages of production."

"Even more pressing, however, is the type of lithium production these plants are targeting. Of the additional 65,000 tonnes of lithium chemical production that is expected to reach the market in 2019, over 75% is being targeted at lithium hydroxide.Rapidly changing cathode chemistry requirements means the growth outlook for carbonate vs hydroxide continues to shift, as do the competitiveness of various supply chains to support these chemical expansions."

"In Benchmark Minerals’ models, lithium supply has to increase at a 19% CAGR over the next 6 years to meet 2025 demand. Even at the height of the market, the industry only managed to grow by 11% per year, on average, from 2015-2018."