SQM:, the largest lithium producer, expects demand for lithium carbonate for electric vehicles to reach 400000 tons by 2025

SMM Sept. 7: Joel Jackson, capital markets analyst at the Bank of Montreal, said in a research note that SQM, the largest lithium producer, is now more optimistic about small metals than it was a month ago. On Wednesday, SQM unveiled its 2025 lithium outlook at an investor event on the New York Stock Exchange and expected current demand for lithium to range from 750000 to 850000 tons of lithium carbonate, compared with a previous estimate of 700000 tons. SQM is bullish on demand for non-electric vehicle batteries (CAGR-11 per cent) and expects demand for lithium carbonate associated with electric vehicles to reach 400000 tons in 2025.

SQM seems to want to build a long-term relationship between itself, cathode manufacturers and oem, focusing on quality and changing battery specifications.

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