SQM: It is estimated that lithium sales will grow by about 5-10% in 2024.

According to the market situation, the lithium market is expected to grow by about 5-10% in 2024. The lithium market may grow by another 20% this year. It is expected that the market will still be oversupplied for the whole year, and prices will remain relatively stable. Depending on the timing of new supplies and the extent of production cuts by existing participants, prices could increase.