A Decade Of Lithium Demand Growth Ahead

Canaccord Genuity

In this 76-page report, Canaccord Genuity provides an extensive analysis of the lithium market and leading ASX lithium companies. We forecast the lithium market to grow by 81% to 347kt lithium carbonate equivalent (LCE) by 2020, and by 259% to 687kt LCE by 2025, representing a CAGR of 14% across all demand sectors. We anticipate Li-ion battery-based EV's to be a key driver of demand over the next decade, accounting for 38% of all lithium demand by 2025 (from ~6% in 2015). Similarly, we also anticipate significant demand for lithium from the grid storage sector, which we forecast will account for 13.6% of all demand by 2025. We expect the supply side to respond, but longer term demand profile supports higher lithium prices. We forecast lithium carbonate prices to rise from US$6,000/t in 2015, to US$10,500/t in 2025, with spodumene concentrate prices expected to experience a similar increase from US$450/ t in 2015 to US$725/t in 2025. To access our report, which includes updates on Galaxy Resources (GXY), General Mining (GMM), and Orocobre (ORE), Livewire subscribers can click here: (VIEW LINK)

Canaccord Genuity

Canaccord Genuity Group is a leading independent, full-service financial services firm. Canaccord Genuity has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual,...


Please sign in to comment on this wire.