This year, there is a surplus of 300,000 tons of lithium carbonate ......

Battery Industry Network News 2023, is a year of transition from shortage to surplus of lithium carbonate, the price of the overall oscillation downward trend, the overall spot price fell as much as 81%.

In 2024, lithium resources project capacity centralized release of a year, lithium prices continue to oscillate at low levels. Analysts believe that the current time market pattern, lithium carbonate supply surplus is obvious, 2024 may be about 300,000 tons of surplus.

From the perspective of supply and demand, the lithium salt market in the first half of this year still presents a weak demand reality and strong supply expectations.

                        On the demand side, the demand for lithium carbonate is mainly composed of several areas such as new energy vehicles, energy storage, 3C consumer electronics and traditional industrial applications, of which new energy vehicles and energy storage industry have the largest contribution.

                        In the first half of this year, the domestic new energy automobile market grew steadily, but the European and American new energy automobile market growth is weak, the global new energy terminal demand did not meet expectations

                        It can be predicted that under the trend of irreversible energy transformation, the demand for lithium carbonate is expected to continue to grow, but the growth rate may slow down.

                        On the supply side, due to the previous large number of new lithium mining projects put in succession, the supply will still maintain growth in 2024.

                    In fact, both domestic production and imports have been increasing since the second quarter of this year. In the first half of the year, China's cumulative output of lithium carbonate was 298,400 tons, up 48.4% year-on-year; and the cumulative output of lithium hydroxide was 174,600 tons, up 21.4% year-on-year.

                        InfoLink predicts that in 2024, the total global output of lithium carbonate is expected to reach 1.323 million tons, and the oversupply situation in the lithium market in the first half of the year may be further aggravated, and the price of lithium carbonate will continue to be under pressure.

                    Industry reshuffle, warm and cold. In the lithium price down cycle, the lithium carbonate market is through the price drop to realize the clearing, part of the enterprise in the continued increase in integration to reduce production costs, and part of the enterprise had to stop production, production reduction.

                      However, in the absence of a significant rebound in downstream demand, there is no significant reduction in production at the mine end, the impact of corporate overhaul on lithium carbonate supply remains limited.