The Global Lithium Market Outlook to 2026£978.00
Lithium has recently emerged as one of the key high-tech materials on the back of growing demand for e-mobility and electrical grid storage. Demand for lithium has also been on an upward trajectory for traditional batteries market and non-batteries end use sectors. At the cusp of growing demand with limited supply response, lithium prices reached its zenith in 2016. Commodity Inside assesses that the spot Chinese lithium price increased from $6,400/tonne in 2011 to nearly $21,500/tonne by mid-2016.
With such phenomenal increase in prices, lithium mining companies have rushed back to the market by announcing quite ambitious deadlines for their brownfield and greenfield projects. However, market fundamentals in the lithium market are somehow muddy, and a number of downside risks exist for new entrants in both brine and spodumene mining. Over the past ten years, we saw some bankruptcies and closures, though only Orocobre was able to add new capacity.
So far, demand fundamentals for lithium have significantly changed with advancements in e-mobility and upcoming Gigafactories. Commodity Inside anticipates that demand for electric vehicles will increase phenomenally over the next ten years, particularly in North America, Europe and North East Asia, creating a huge demand for lithium-ion batteries. Having said that, the amount of lithium metal requirement in a rechargeable battery is also set to shrink due to technological developments.
The Global Rare Earths Market Outlook 2016-2021£1,695.00
Rare earths market has entered in a critical situation where uncertainty is looming around the future of some high probable rare earths mining projects. Chinese overflow in supply and plummeted rare earths prices have remained some major culprits behind the recent market distortions. All in all, they are also to a great extent responsible for the recent bankruptcies of Molycorp and Great Western. Moreover, the falling rare earths prices have also led to an indefinite hold on various mining projects.
The lustre in the rare earths market has been gradually vanishing, and miners are getting difficulty to lure investors. Some potential rare earths miners have also changed their names recently and ditched the once lucrative mining terms ‘rare earths’ and ‘rare metals’ from their corporate names. For instance, Avalon Rare Metals is now Avalon Advanced Materials and Texas Rare Earth Resources becomes Texas Mineral Resources.
Indeed factors such as cash costs, ratios of heavy and light rare earths elements, infrastructure, processing facilities, end users, rare earths prices etc will confront the viability of rare earths projects. Yet, above all them, it is ‘China’ which any potential investor needs to add in their profit equation to avoid failure.
Major end users are also exploring new ways to minimise the use of rare earths in their products. Japanese automaker Honda co-developed a hybrid battery without the use of heavy rare earths aiming to reduce reliance on Chinese rare earths. Stockpiling of rare earths is another option, albeit conventional, for end users to avoid any disruptions in supply, though it will be a menace to take any position without knowing the future price direction.
The Global Cobalt Market Outlook to 2027£978.00
The Global Cobalt Market Outlook to 2027 is one of our upcoming reports. The report will give you deep insights about the industry which will help you in making the right strategic decisions.
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