Moody's: although the electric car market is in a frenzy, the lithium market still faces the problem of oversupply-Shanghai Metals Market

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Moody's: although the electric car market is in a frenzy, the lithium market still faces the problem of oversupply

Translation 01:24:15PM Nov 30, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM11, March 30: Moody's Investors Service) Senior Credit Officer Joseph Princiotta (Joseph Princiotta) said in a report that there will be a surplus in the lithium market, especially between 2020 and 2022. By then, new mines and transformational start-ups are expected to appear in large numbers on the market.

"despite the rapid growth in demand for metal-made electric car batteries," excess spot prices will remain under pressure.

The impact of weak spot prices will be minimal for major lithium producers such as Albemarle and Livent.

These companies rely mainly on long-term contracts with minimum prices and other protective terms to maintain profits, he said.

Key Words:  Moody's  Electric cars  Lithium  supply 

Moody's: although the electric car market is in a frenzy, the lithium market still faces the problem of oversupply

Translation 01:24:15PM Nov 30, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM11, March 30: Moody's Investors Service) Senior Credit Officer Joseph Princiotta (Joseph Princiotta) said in a report that there will be a surplus in the lithium market, especially between 2020 and 2022. By then, new mines and transformational start-ups are expected to appear in large numbers on the market.

"despite the rapid growth in demand for metal-made electric car batteries," excess spot prices will remain under pressure.

The impact of weak spot prices will be minimal for major lithium producers such as Albemarle and Livent.

These companies rely mainly on long-term contracts with minimum prices and other protective terms to maintain profits, he said.

Key Words:  Moody's  Electric cars  Lithium  supply