lithium Global lithium market to face growing shortage from 2023 - report
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Analysts from SFA noted that BEV production appear to be weathering the global component supply disruptions better than internal combustion engine vehicle production. Importantly, BEV sales in China doubled in H1 2022, capturing 61% of global sales over the period, with almost all of the top 15 BEV markets registered positive year-on-year growth in BEV sales, despite declining overall vehicle sales.
According to a report, the global lithium market is forecast to move to mounting deficits from next year onwards, but supply from"probable" and "low-risk possible" projects could potentially keep the market balanced through to 2025.
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