lithium, page-9

This is part of a report published today, it relates primarily to Lithium and E/V's.


"Based on the above mentioned segmentations, Spencer and Hill expect the lithium market to grow by 81% to a lithium carbonate equivalent (LCE) of 347 000 tonnes (t) by 2020 and by 259% to 687 000t LCE by 2025. “We anticipate Li-ion battery-based electric vehicles - passenger vehicles and electric buses - to be a key driver of demand over the next decade, accounting for 38% of all lithium demand by 2025 from 6% in 2015,” wrote Spencer and Hill.
With global supply at 176 000t LCE in 2015, the supply side is expected to respond, with the longer term lithium demand profile supporting higher prices. To meet demand, additional new production of 312 000t per annum would be required by 2025, they said. According to Spencer and Hill, lithium carbonate prices are to rise from $6 000/t in 2015 to $10 500/t in 2025, under their “bull” case demand scenario, prices could rise to $12 000/t. The price of spudomene, a lithium ore, is expected to rise from $450/t to $725/t or $870/t under a “bull” case scenario, over the same period"

DYOR.