Lithium market research – global supply, future demand and price development

Ensuring the supply of strategic metals is crucial for the growth of industrialised countries. One of these strategic metals is lithium, which is used in a variety of high tech product and everyday objects. In this study the lithium market is analysed including areas of application, drivers of demand as well as lithium price development. A demand forecast up to 2020 is given in four different scenarios, including the increasing demand in electric mobility, forced by political driven influences. To meet the growing demand of lithium huge lithium projects are planned or under construction. The projects are summarised with a completion up to 2020 and a capacity of more than 20,000 t lithium carbonate equivalents (LCE).