Global Lithium Mining to 2024 - Updated with Impact of COVID-19
Summary "Global Lithium Mining to 2024 - Updated with Impact of COVID-19" report provides a comprehensive analysis of the global lithium industry.It provides historical and forecast data and analysis of lithium production and consumption, including a breakdown by country, and anlaysis of demand drivers, including electric vehicle battery production and EV sales and policies governing electric vehicles across all key markets.
Finally, the report analysers the leading companies with production by company, profiles of major lithium producers and information on their major active, planned and exploration projects.
After increasing for three consecutive years, global lithium production decreased steeply in 2019 to 78.2kt and is expected to fall by a significant 24.8% in 2020 to 58.8kt. This is due to both declining prices for lithium, which have led to miners putting mines on care and maintenance, and the temporary closure of lithium mines due to lockdowns imposed as a result of the COVID-19 pandemic. In 2020, the global lithium demand and supply gap narrowed to 11.6kt, as additional capacities, mainly in Australia, are postponed, before further widening to about 28.6kt in 2023, as these delayed capacities pick up pace gradually. Looking ahead, the analyst anticipates substantial growth in lithium production until 2024.
New mines and capacity expansions will boost global production to 134.7kt in 2024. The majority of this growth will originate from Australia, which is going to maintain its current position with the existing mines ramping up production such as Mount Cattlin and Pilgangoora. Additionally, the expansion of Greenbushes Lithium Operations as well as the resumption of Wodgina, which are both expected to materialize by 2023, will further boost the global output during the forecast period. Other key existing projects include Mount Marion, Salar de Atacama and Salar del Hombre Muerto located in Australia, Chile and Argentina respectively.
Scope - The report contains an overview of global lithium mining industry including key demand driving factors affecting the global lithium mining. It provides detailed information on reserves, reserves by country, production, production by country, production costs, major operating mines, major exploration and development projects, consumption, consumption by country, demand and supply balance, trade and the leading producers.
Reasons to Buy - To gain an understanding of the global lithium mining industry, including relevant drivers
- To understand historical and forecast trends in global lithium production, consumption and trade
- To assess the size and expected growth in the global EV market, including both forecast sales of EVs and EV batteries
- To find out policies favouring the EV market and overall lithium mining industry
- To identify the key players in the global lithium mining industry
- To gain a complete view of all major active, exploration and development projects
- To analyse the global lithium-ion battery market and battery manufacturing capacity by company
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