Changes to our lithium demand forecasts
After putting our EV sales forecasts for China and the US on review last month and slightly reducing our China BESS installations forecast growth rates this month, we’ve made changes to our lithium supply/demand model. We’ve slightly raised our China EV sales forecast and cut our US one and, as we intimated last month, the China changes really net out the US ones. But it’s the slowdown in the blistering rate of Chinese BESS installations that really does the damage to our lithium supply/demand balance in the near-term. We are not as bearish as many commentators; as we noted in...
Topics
Balance
Demand
ESS
EVs
Forecasts
Lithium
Supply
