IM22: Lithium-ion battery market to grow but supply of LCE will outpace demand
Published: Thursday, 03 April 2014
Swelling demand for lithium to be used in batteries is often held up as an example of why more supply sources are needed. However, a study by IHS shows that even with substantial demand, there is likely to be too much lithium on the market by 2020.
Demand for lithium-ion batteries is expected to grow
to 132,000 tpa by 2020 from consumption of around 54,800 tpa in
2013, Dr Stefan Schlag, senior manager at industry