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As we reach the midpoint of the year, lithium prices remain
depressed and market consensus has shifted to over-supply. Despite
this, our demand forecasts remain positive. Whether this period of
oversupply is a short trough or an extended valley is going to
depend on the bigger economic picture as right now EV sales are
still growing while overall auto sales are contracting. If the
global economy contracts, EV's will likely not be able to continue
to buck the trend.
The
IHS Markit Global Lithium and Battery Materials Service is an
integrated solution for the lithium and battery materials industry
and associated downstream applications based on our world leading
coverage of energy, chemicals, and the automotive sectors. The
Lithium and Battery Materials monthly market analysis includes
supply/demand balances, price indices, global trade outlooks,
forecasts, and insight into the current market situation.
