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Lithium Prices Well Positioned to Enter the “Long Bull Market”
Aug 23, 2021 11:49CST
Source:SMM
Under the global trend of electrification of vehicles, the global lithium demand is expected to increase from 430,000 mt in 2021 to 1.54 million mt of LCE in 2025, with a CAGR of 38%. Meanwhile, lithium supply and demand is expected to become tighter from 2021-2025. Salt lake resources have the advantages of large scale reserves and low lithium extraction costs.

SHANGHAI, Aug 23 (SMM) - Under the global trend of electrification of vehicles, the global lithium demand is expected to increase from 430,000 mt in 2021 to 1.54 million mt of LCE in 2025, with a CAGR of 38%. Meanwhile, lithium supply and demand is expected to become tighter from 2021-2025. Salt lake resources have the advantages of large scale reserves and low lithium extraction costs.

In 2020, 74% of lithium in China was sourced from overseas. While the domestic lithium reserves in the salt lake accounted for 79% of the total amount in China, the development of the salt lake will help to secure the supply of domestic lithium resources with strategic significance.

lithium

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