Lithium Market To Remain Tight Through 2024: Chile ...Middle East

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Lithium Market To Remain Tight Through 2024: Chile
source : OILPRICE ( Middle East ) () 41
The world's second-largest supplier of lithium, Chile, said it sees the battery metal remaining in tight supply this year and next, before switching to surplus in 2025. Chile's government agency Cochilco said in a Tuesday presentation that demand for lithium was set to grow at more than 16% per year on average over the next 12 years as the world shifts from ICE engines to electric vehicles. While this robust demand has led to price spikes over the last couple of years, which in turn led to increased supply activity, it will be a couple more years…

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