Overview

Lithium’s demand growth profile increased dramatically in recent years, driven by structural changes in the automotive industry with manufactures increasingly transitioning towards EVs. Benchmark Mineral Intelligence estimates that policy and emissions reduction frameworks along with a post-pandemic glorbal economic recovery will continue to drive automative eletfication into the 2030s.

We will serve an important role in achieving a zero-carbon value chain in line with governments and industry commitments.

Explore the market forecast below to see how demand is changing, supply is set to increase and how both elements will shape lithium prices over the coming decade.

Benchmark Mineral Intelligence Lithium Supply-Demand Forecast

Electric Vehicle Sales as a Share of Total Cars

Lithium Feedstock Supply Forecast

Lithium Chemical Supply Breakdown

Battery Grade Lithium Chemical Price Forecast

Spodumene Price Forecast

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