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Lithium Summary
Record Australian lithium exports ($20 billion in 2022–23) are forecast
to decrease over the outlook period, as lower prices offset higher export
volumes ($16 billion in 2024–25). Prices are expected to fall due to the
lithium market entering a sustained period of surplus supply, but remain
well above levels prior to 2021.

Australian lithium mine production continues growing due to expansions
and new mines. Australia accounts for half of global lithium extraction
and rising production meets growing global battery demand for lithium.

Australia is developing capacity to refine lithium domestically, with three
lithium hydroxide refineries (operating or under construction) and a
newly announced lithium phosphate refinery. This contributes to the
diversifying global lithium refining and developing Australia’s battery
value chain.

Lithium World demand
Global lithium consumption maintains high growth outlook
World lithium consumption is expected to maintain a high growth
trajectory, due to battery demand for the energy transition alongside the
growth outlook for China’s Li-ion battery manufacturing. In lithium
carbonate equivalent (LCE) terms, global lithium consumption is forecast
to increase from 797 thousand tonnes (kt) to 1,428 kt over the outlook
period (from 2022 to 2025).

Policy support underpins growth in global electric vehicle sales
The outlook for electric vehicle (EV) demand (60% of global lithium
consumption in 2022) remains very favourable due to high policy support
that continues to be directed to the sector, particularly in China. The
resilience of China’s EV sector is underpinned by almost 20 years of
industrial support, through consumer subsidies as well as producer tax
breaks and finance. Notably, China is now the world’s largest automobile
exporter (due to the success of the EV sector), surpassing Japan and
Germany (in terms of first half 2023 exports).
Resources and Energy Quarterly September 2023 p146
[ATTACH=full]164574[/ATTACH]

<blockquote data-quote="rcw1" data-source="post: 1248821" data-attributes="member: 86427">Good morningLithium SummaryRecord Australian lithium exports ($20 billion in 2022–23) are forecastto decrease over the outlook period, as lower prices offset higher exportvolumes ($16 billion in 2024–25). Prices are expected to fall due to thelithium market entering a sustained period of surplus supply, but remainwell above levels prior to 2021.Australian lithium mine production continues growing due to expansionsand new mines. Australia accounts for half of global lithium extractionand rising production meets growing global battery demand for lithium.Australia is developing capacity to refine lithium domestically, with threelithium hydroxide refineries (operating or under construction) and anewly announced lithium phosphate refinery. This contributes to thediversifying global lithium refining and developing Australia’s batteryvalue chain.Lithium World demandGlobal lithium consumption maintains high growth outlookWorld lithium consumption is expected to maintain a high growthtrajectory, due to battery demand for the energy transition alongside thegrowth outlook for China’s Li-ion battery manufacturing. In lithiumcarbonate equivalent (LCE) terms, global lithium consumption is forecastto increase from 797 thousand tonnes (kt) to 1,428 kt over the outlookperiod (from 2022 to 2025).Policy support underpins growth in global electric vehicle salesThe outlook for electric vehicle (EV) demand (60% of global lithiumconsumption in 2022) remains very favourable due to high policy supportthat continues to be directed to the sector, particularly in China. Theresilience of China’s EV sector is underpinned by almost 20 years ofindustrial support, through consumer subsidies as well as producer taxbreaks and finance. Notably, China is now the world’s largest automobileexporter (due to the success of the EV sector), surpassing Japan andGermany (in terms of first half 2023 exports).&nbsp; Resources and Energy Quarterly September 2023 p146[ATTACH=full]164574[/ATTACH]</blockquote>

[QUOTE="rcw1, post: 1248821, member: 86427"] Good morning [B]Lithium Summary[/B] Record Australian lithium exports ($20 billion in 2022–23) are forecast to decrease over the outlook period, as lower prices offset higher export volumes ($16 billion in 2024–25). Prices are expected to fall due to the lithium market entering a sustained period of surplus supply, but remain well above levels prior to 2021. Australian lithium mine production continues growing due to expansions and new mines. Australia accounts for half of global lithium extraction and rising production meets growing global battery demand for lithium. Australia is developing capacity to refine lithium domestically, with three lithium hydroxide refineries (operating or under construction) and a newly announced lithium phosphate refinery. This contributes to the diversifying global lithium refining and developing Australia’s battery value chain. [B]Lithium World demand[/B] Global lithium consumption maintains high growth outlook World lithium consumption is expected to maintain a high growth trajectory, due to battery demand for the energy transition alongside the growth outlook for China’s Li-ion battery manufacturing. In lithium carbonate equivalent (LCE) terms, global lithium consumption is forecast to increase from 797 thousand tonnes (kt) to 1,428 kt over the outlook period (from 2022 to 2025). Policy support underpins growth in global electric vehicle sales The outlook for electric vehicle (EV) demand (60% of global lithium consumption in 2022) remains very favourable due to high policy support that continues to be directed to the sector, particularly in China. The resilience of China’s EV sector is underpinned by almost 20 years of industrial support, through consumer subsidies as well as producer tax breaks and finance. Notably, China is now the world’s largest automobile exporter (due to the success of the EV sector), surpassing Japan and Germany (in terms of first half 2023 exports). Resources and Energy Quarterly September 2023 p146 [ATTACH type="full"]164574[/ATTACH] [/QUOTE]

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