Global Lithium Demand to Reach 2 Million mt LCE in 2026, Basically Achieving Supply-Demand Balance, Tianqi Lithium Chairman Predicts

Published: Nov 27, 2025 15:43 (GMT+8)

Save

On November 25, Tianqi Lithium Chairman Jiang Anqi stated at the 2nd China International Lithium Industry Conference 2025 that, driven by the demand for grid connection of renewable energy and the rapid growth of electrified equipment such as commercial heavy trucks, the ESS sector and power batteries have seen a continuous increase in the demand for basic lithium materials.

The global lithium demand is expected to reach 2 million mt LCE in 2026, basically achieving a supply-demand balance. With the improvement of the supply-demand pattern in the lithium industry, the industry chain will break away from homogeneous competition, and enterprises will welcome greater development space.

Please note that this news is sourced from https://www.cls.cn/detail/2209819 and translated by SMM.

lithium Market

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

5 hours ago

China Smartphone Shipments Decline YoY in Q3, Huawei Only Major Brand to Post Double-Digit Growth

【China Smartphone Shipments Decline YoY in Q3, Huawei Only Top Vendor to Post Double-Digit Growth】China smartphone shipments in Q3 2026 totaled approximately 57.9 million units, down 15.4% year-on-year, compared to a decline of approximately 4% in H1. By vendor, Huawei held a 21.1% share, up 17.3% YoY, making it the only major vendor to achieve double-digit growth; Apple held 17.8%, down 4.3%; OPPO 15.5%, down 17.6%; vivo 15.3%, down 24.9%; Xiaomi 13.8%, down 20.4%; and Honor 13.0%, down 24.2%. The quarter was characterized by declining volumes and rising prices, as cost increases pushed up average selling prices.

5 hours ago

Guanghua Technology Reports Strong Revenue Growth for First Three Quarters

【Guanghua Technology Reports Strong Revenue Growth for First Three Quarters of 2026】Guanghua Technology disclosed its Q3 2026 report, with revenue for the first three quarters reaching CNY 3.575 billion, up 74.89% year-on-year, net profit attributable to shareholders of CNY 129 million, up 42.29% year-on-year, and non-recurring net profit of CNY 124 million, up 40.44% year-on-year. For Q3 alone, revenue reached CNY 1.328 billion, up 74.15% year-on-year, with net profit attributable to shareholders of CNY 34.34 million, up 0.62% year-on-year.

5 hours ago

Malaysia Discloses Battery Waste Volume Data for First Time, Mandatory Recycling Regime Not Yet in Place

【Malaysia Discloses Battery Waste Volume Data for First Time via Parliamentary Reply, Mandatory Recycling Regime Not Yet Established】Malaysia’s Ministry of Natural Resources and Environmental Sustainability disclosed for the first time in a written parliamentary reply that 13,743.15 tonnes of SW103-category battery waste were generated nationwide from 2021 to 2025, with only seven licensed off-site recycling facilities in operation as of March 2026, located across Kedah, Selangor, Johor, Perak, Negeri Sembilan, and Penang. The ministry also confirmed that a mandatory battery recycling (extended producer responsibility) regime for EV manufacturers has not yet been established, with legislation still under study regarding legal basis, funding mechanisms, and inter-ministerial coordination. The Department of Environment is drafting Phase 2 amendments to the Environmental Quality Act 1974, incorporating a blacklisting mechanism targeting repeat offenders.

5 hours ago