Lithium Market to See Surplus in 2024 and 2025, Predicts Chile's Cochilco

Technology News

Lithium Market to See Surplus in 2024 and 2025, Predicts Chile's Cochilco
LithiumMarket ForecastSurplus
  • 📰 MiningOnline
  • ⏱ Reading Time:
  • 53 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 52%
  • Publisher: 51%

Chile's state copper commission Cochilco forecasts a surplus in the lithium market for the next two years. Production cuts have slightly tightened supply forecasts, but Cochilco anticipates a surplus reaching 89,000 tonnes and 141,000 tonnes of LCE in 2024 and 2025 respectively. Lithium carbonate prices are expected to remain low due to market surplus, a slow Chinese economy, and stagnant electric vehicle sales.

Chile 's state copper commission Cochilco predicts a lithium market surplus over the next year. According to Cochilco 's new market outlook report, strong lithium supply would result in a surplus in the market by 2024 and 2025, reaching 89,000 tonnes and 141,000 tonnes of LCE ( Lithium Carbonate Equivalent ), respectively. Cochilco acknowledges that production cuts from miners have slightly tightened supply forecasts. For 2024, Cochilco estimates demand at 1.13 million tonnes of LCE (a 22.

8% increase compared to the previous year) and a supply of 1.22 million tonnes. This year, demand is projected to reach 1.39 million tonnes (a 22.9% increase) and 1.54 million tonnes of supply, respectively. Meanwhile, lithium carbonate prices are expected to remain at low levels. Prices surged to a record high of over $80,000 per tonne in 2022 but plummeted by more than 80% in 2023. They have further declined by 22% in 2024. This downward trend is attributed to market surplus forecasts, the sluggish Chinese economy, and stagnant sales of electric vehicles in the US. Cochilco also highlights the impact of the US election results, which have sparked concerns about potential tariffs proposed by the new president, leading to a decline in commodity prices globally. The commission notes the strong dependence of lithium consumption on China, a country embroiled in trade disputes with the US and the EU, which could further exacerbate price pressures. Prices for lithium carbonate are projected to average US$11,339 per tonne in 2025

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MiningOnline /  🏆 117. in UK

Lithium Market Forecast Surplus Lithium Carbonate Equivalent Cochilco Chile Electric Vehicles China

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Merseyrail: A Review of 2024 and Looking Ahead to 2025Merseyrail: A Review of 2024 and Looking Ahead to 2025This article provides an honest review of Merseyrail's performance in 2024, highlighting both its strengths and weaknesses. The author, a regular commuter, discusses the challenges faced by the rail service in recent years, particularly the rollout of new Class 777 trains.
Read more »

The scientific advances that changed the world in 2024 - and what 2025 will bringThe scientific advances that changed the world in 2024 - and what 2025 will bringIn 2024, we have seen progress in cancer vaccines, HIV prevention and organ transplants, and ‘robot chopsticks’ catching a rocket
Read more »

Reflect on 2024 to Make 2025 Your Best Year YetReflect on 2024 to Make 2025 Your Best Year YetExperts share tips on how to reflect on the past year to create a roadmap for a happier and more fulfilling 2025.
Read more »

Tarot Reading: Key Wisdom for 2025 from 2024Tarot Reading: Key Wisdom for 2025 from 2024This week marks new beginnings with a New Moon, New Year, and a fresh start. Let go of 2024's energies and focus on the clean slate of 2025. The tarot offers guidance for each zodiac sign, highlighting the key wisdom to carry forward.
Read more »

Peter Andre on 2024's Highlights, Struggles, and Family Milestones in 2025Peter Andre on 2024's Highlights, Struggles, and Family Milestones in 2025Singer Peter Andre shares his top moment of 2024, welcoming baby Arabella, and his struggle with anxiety about his mother's health. He also looks forward to visiting his parents in Australia and celebrating family milestones in 2025.
Read more »

Peter Andre Reflects on 2024, Hopes for 2025 Family MilestonesPeter Andre Reflects on 2024, Hopes for 2025 Family MilestonesSinger Peter Andre shares his top moment of 2024, welcoming baby Arabella with his wife Emily, while also candidly discussing his struggles with anxiety, particularly regarding his mother's health. Looking ahead to 2025, Andre expresses excitement for family milestones including his 52nd birthday, his 10th wedding anniversary, Princess' 18th birthday, Arabella's first birthday, and potentially his parents' 70th wedding anniversary.
Read more »



Render Time: 2025-02-12 01:19:35