Lithium Battery Market In The Future
- Apr 11, 2018 -

ithium supply and demand in the future are all strong growth China has become the world's largest lithium battery market

Australia and Chile are the world’s two largest lithium mining nations. However, due to different geological and climatic conditions, they differ greatly in the way they produce lithium.

The Greenbushes mine in Western Australia supplies one-third of the world's lithium mines. Its production process includes mining hard rock and performing on-site preliminary treatment including crushing, grinding and flotation.

The lithium mine in Chile needs to extract lithium-rich brine from salt lake. The brine was concentrated in the evaporation tank for several months before on-site preliminary treatment. The main lithium mining area in Chile is located in the northern part of the country and is part of the so-called global "Lithium Triangle", including the border areas of Chile, Argentina and Bolivia.

Lithium Processing Quotes

In the use of electric vehicle batteries, lithium is usually processed into super-grade lithium carbonate or lithium hydroxide, which is more expensive but also more energy-efficient. With the development of the mining industry, processing is also increasing. Australia, the United States, South America and China are all building or planning to build and expand factories.

China has a significant position in the global lithium processing industry. China also provides the world's largest lithium-ion battery market. Chinese mining companies are actively engaged in mining, processing, and purchasing lithium ore and lithium concentrates in other parts of the world. For example, in Australia, the Chinese company Tianqi Lithium is one of the operators of the Greenbushes lithium mine, while other Chinese companies hold shares in the Australian lithium company.

Li prospects optimistic

Most Lithium companies are optimistic about the future. Orocobre, an Australian company, believes that "in the future, lithium demand will increase beyond the expected new supply." Especially in the context of strong growth in the output of electric vehicles, some analysts believe that by 2025 the world will reach at least 15 million in production. In 2017, there are only about 1 million electric vehicles in the world.

However, not everyone agrees that lithium supply will lag behind demand for some time. For example, in a report released last month, both Morgan Stanley and Wood McCann predicted that lithium supply would rise from next year to meet global lithium demand. Morgan Stanley expects lithium prices to drop by about 45% by 2021.

There is no doubt that in the next few years, the supply and demand of lithium will have a strong growth.