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The global lithium supply glut is predicted to shrink by half to around 80,000 tons equivalent of lithium carbonate (LCE) from nearly 150,000 last year, according to Antaike, China's state-owned ...
This is a list of countries by lithium mine production from 2018 ... Rank Country Year 2018 [2] 2019 [3] 2020 [4] 2021 [4] 2022 [5] 1 Australia: 51,000 45,000 39,700 ...
Lithium prices. The price of lithium carbonate started to rise in 2021 after slumping in 2020 and peaked in early 2022 close to $80,000 per ton. Demand for electric vehicles around the world is the primary cause for the price rise. In 2021, electric vehicle sales doubled to 6.6 million from 2020. [32]
Lithium prices have surged roughly 500% year over year amid heightened electric vehicle demand, triggering a global race to find and extract more.
In recent years mining companies have begun exploration of lithium projects throughout North America, South America and Australia to identify economic deposits that can potentially bring new supplies of lithium carbonate online to meet the growing demand for the product.
Global consumption may jump to 300,000 metric tons a year by 2020 [failed verification] from about 150,000 tons in 2012, to match the demand for lithium batteries that has been growing at about 25% a year, outpacing the 4% to 5% overall gain in lithium production.
Benchmark Mineral Intelligence also known as Benchmark Minerals, founded and owned [1] by Simon Moores in 2014, is a London-based Price Reporting Agency (PRA) and specialist information provider for the lithium-ion battery to electric vehicle (EV) supply chain. The company had £11 million in assets as of 2022.
Australian lithium exports in lithium carbonate equivalents (LCE) and Australian dollars for the financial years 2013–14 through 2021–22. In financial year 2021-22, Australia produced 330,000 tonnes of lithium carbonate equivalent. [32] For comparison, Chile, the world's second biggest lithium producer, produced 45,000 tonnes in 2018.