El mercado de litio Desarrollo reciente y proyecciones al 2035 Actualización a Mayo 2023
Security Theme
Strategic Competition
Keywords
Critical Minerals, Critical Minerals Supply Chain Chile Lithium Trade
Description
Executive Summary This report updates data from December 2021 and extends demand and supply projections to 2035, including insights into Chile's lithium importance. Despite President Gabriel Boric's National Lithium Strategy, not considered here, projections show lithium demand rising from 508 kt of Lithium Carbonate Equivalent (LCE) in 2021 to 3,828 kt LCE in 2035, driven by electric vehicle battery demand. Production is forecasted to increase from 468 kt LCE in 2021 to 2,464 kt LCE in 2035. Tight market conditions since 2021 anticipate deficits until 2024, with prices soaring significantly. Chile's production is expected to rise from 162 kt in 2021 to 336 kt in 2035, boosting national lithium exports to USD 8.140 billion in 2022, a drastic increase from 2021.
El mercado de litio Desarrollo reciente y proyecciones al 2035 Actualización a Mayo 2023
Executive Summary This report updates data from December 2021 and extends demand and supply projections to 2035, including insights into Chile's lithium importance. Despite President Gabriel Boric's National Lithium Strategy, not considered here, projections show lithium demand rising from 508 kt of Lithium Carbonate Equivalent (LCE) in 2021 to 3,828 kt LCE in 2035, driven by electric vehicle battery demand. Production is forecasted to increase from 468 kt LCE in 2021 to 2,464 kt LCE in 2035. Tight market conditions since 2021 anticipate deficits until 2024, with prices soaring significantly. Chile's production is expected to rise from 162 kt in 2021 to 336 kt in 2035, boosting national lithium exports to USD 8.140 billion in 2022, a drastic increase from 2021.