Training on modelling fundamentals December 17–18

"Accumulative" effect: growing production of lithium and cobalt would impair their prices

Rechargeable battery metals market: 2022 forecast

The forecast is made in line with ACRA's General Principles of Socioeconomic Indicators Forecasting.

  • From late 2015 to March 2018, lithium carbonate prices have grown by 150% up to USD 14,500/ton, but we expect the prices to go down to USD 9,200/ton by 2022. A surge in demand for electric cars seen in 2014–2017 triggered the demand for lithium and drove lithium prices up to USD 14,000–15,000/ton in South America, a key lithium supplier to the global market. By 2022, the demand for lithium may double, driven by the increased consumption by electric car and rechargeable battery manufacturers. On the other hand, the lithium carbonate production capacities are underutilized today, and large companies may double the production by 2022, which may push the prices down. The current lithium prices are much higher than the prime production costs of the least effective lithium producers, which may further contribute to the decline in prices.
  • From late 2015 to March 2018, cobalt prices

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