Lithium long-term forecast

Get long-term clarity and market intelligence in the critical lithium market

Our lithium long-term forecasts are part of a set of products including long-term forecasts for cobalt, graphite, nickel, copper, manganese sulfate and recycled materials

Lithium is critical to electric vehicle (EV) and energy storage system (ESS) growth, but supply and price risks abound. Demand based on different battery chemistries is capitalizing on lithium properties while seeking to manage concerns about the availability and price of supply.

This is made more complicated as long-term supply is increasingly dependent on new projects where planned timing may materially differ from the actual timing, and on supply from lepidolite production and direct lithium extraction (DLE).

The Fastmarkets lithium long-term forecast leverages our 50-year heritage in providing price data and market intelligence in the lithium market. These insights are paired with expert economic modeling and data to provide market participants and investors with unmatched clarity on how the lithium market will evolve in the next 10 years.

The 10-year lithium long-term forecast includes:

  • Price forecasts for lithium (Li2CO3 and LiOH) 
  • Demand forecasts from the EV and ESS markets and from different car types and battery chemistries 
  • Supply forecasts including an in-depth review of future supply from existing and new producers and projects 
  • Supply/demand balances 
  • Access to analysts  
  • Analysis of the pricing mechanisms used, including the use of indexation 

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Understand how the lithium market will evolve over the next 10 years with our long-term forecast

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The South Korea government has started to build up a national stockpile of lithium reserves through the state-owned Korea Mine Rehabilitation & Mineral Resources Corp (KOMIR), Fastmarkets was told on Tuesday May 21

Fastmarkets invited feedback from the industry on the methodology for its audited lithium and spodumene price assessments, via an open consultation process between April 18 and May 17, 2024. This consultation was done as part of our published annual methodology review process.

The publication of Fastmarkets’ lithium carbonate 99.5% Li2CO3 min, battery grade, spot price cif China, Japan & Korea and lithium hydroxide monohydrate LiOH.H2O 56.5% LiOH min, battery grade, spot price cif China, Japan & Korea assessments for Thursday May 16 were delayed because of incorrect methodology application.

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