It is expected that the compound annual growth rate of global lithium salt demand from 2023 to 2027 will be 20%. However, long-term resource oversupply is the main theme. SMM: Global lithium salt demand will achieve a compound annual growth rate of 20% from 2023 to 2027; benefiting from the improvement of the global lithium iron phosphate system application rate, coupled with the rebound of the nickel ternary proportion, the demand proportion of lithium carbonate will steadily rise in the long run. In 2023-2024, the centralized release of lithium resources will be entered, and the balance of resources will be reversed. The oversupply of resources will still continue in the long run, and high-cost resource projects will face the risk of clearance.