Lithium Market Reliant on Batteries for Continued Strong Demand

Roskill provided analysis on the future of the lithium market. The company determined that rechargeable batteries accounted for 27 percent of global lithium consumption in 2012. The end use of batteries was responsible for 44 percent of the net increase in lithium consumption over the lat ten years and 70 percent over the last five.

According to Roskill’s press release:

Roskill’s analysis suggests that the price of technical-grade lithium carbonate, the main product produced and consumed in the lithium market, recovered some of its global economic downturn losses as the market tightened in 2012, averagingUS$5,300/t CIF, up 15% from 2010. This is below the 2007 peak of US$6,500/t, but well above the US$2,000-3,000/t levels seen in the early 2000s.

Click here to view the full release.