What is the future of lithium-ion batteries?

The future of lithium-ion batteries, including threats and opportunities, and recycling potential. Analysis of existing and potential end-uses including consumer electronics demand, glass/ceramics and other non-battery end-use evolution. Supporting demand data to 2040 on lithium demand by end-use and lithium EV demand by region.

What is the 2040 lithium market outlook?

Our 2040 Lithium Market Outlook addresses the price risk in lithium, providing stakeholders with insights into potential upcoming opportunities and challenges.

What does SFA (Oxford) say about the lithium market?

Released annually, SFA (Oxford)'s ground-breaking forward-looking report analyses the influences and trends on the lithium market and battery technologies out to 2040.

Why did Lithium prices rise in 2017?

However, from 2015 onwards, prices began to soar, driven by the booming EV market and increased demand for renewable energy storage solutions. By 2017, lithium prices had tripled compared to their 2015 levels. This spike was primarily due to the rapid expansion of China’s EV market and increased lithium mining and production investments.

Why did Lithium prices rise 5x in 2022?

From 2019 to 2021, prices remained subdued, reflecting a period of market correction and stabilization. In 2022, however, a record-breaking price rally occurred due to a large supply deficit. Lithium’s largely agreement-based supply model also contributed to this squeeze, sending lithium prices skyrocketing over 5x.

How does battery technology affect lithium demand?

Long-term battery technology shifts and EV powertrain developments and their impact on lithium demand. A full review of lithium used in lithium-ion batteries, including the growing popularity of LFP, NMC and NCA battery cathode chemistries. Review of loadings of lithium by battery technology.