Intelligence Series
Lithium market outlook and the role of Latin America
by Laura Superneau - 2012Big expectations for the lithium market in recent years have led to production growth and significant investment in exploration. While demand has not taken off like some people expected, the driving force behind demand forecasts continues to be the electric vehicle industry, which is expected to need increasing amounts of lithium for vehicle batteries. However, in the near term oversupply could be a bane. Latin America is at the center of attention, with the biggest producers and the best projects.
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Big expectations for the lithium market in recent years have led to production growth and significant investment in exploration. While demand has not taken off like some people expected, the driving force behind demand forecasts continues to be the electric vehicle industry, which is expected to need increasing amounts of lithium for vehicle batteries. However, in the near term oversupply could be a bane. Latin America is at the center of attention, with the biggest producers and the best projects.
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