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Roskill sees recovery in lithium industry, buoyed by demand from rechargeable battery applications

Green Car Congress

In 2019, monthly average lithium carbonate prices fell 36% between January and December. Q1 2020 saw monthly average prices fall further to less than US$7,000/t Li 2 CO 3 for the first time since 2014, eroding price increases caused by forecast strong demand growth in the lithium-ion battery industry and uncertainty over future supply.

Recharge 334
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Roskill: Rising prices could be new norm for lithium industry

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In 2019, rechargeable batteries accounted for 54% of total lithium demand, almost entirely from Li-ion battery technologies. Roskill forecasts demand to exceed 1.0Mt LCE (lithium carbonate equivalent) in 2027, with growth in excess of 18% per year to 2030. —Lithium: Outlook to 2030, 17 th Edition.

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Roskill: refined lithium supply expected to treble to 900kt by 2027, driven by use in batteries

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Growth in the consumption of lithium accelerated in 2017 by more than 10% on 2016 levels to reach 211,000t lithium carbonate equivalent (LCE), according to a new report by Roskill. Automotive applications were the largest market for Li-ion batteries in 2017, with Chinese sales of plug-in electric vehicles (PEV) increasing by around 20% y-o-y.

Supplies 218
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Pike forecasts Asia-Pacific to be largest PEV market, with more than 1.2M units by 2015; China to represent 53% of total sales

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million kWh of Li-ion batteries and revenue of $4.1 The potential for reducing carbon emissions by electrifying transportation has caught the attention of local and national government officials across Asia-Pacific due to concerns about the contribution of transportation emissions to climate change. billion in 2015.

Asia 236
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IBM releases fifth annual Next Five in Five list of near-term significant innovations; personalized routing for commuting/transportation makes the cut

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IBM and its partners have launched a multi-year research initiative exploring rechargeable Li-air systems for transportation—The Battery 500 Project ( earlier post )—but are viewing it in terms of a multi-decade development cycle. Also on the list of five is the arrival of advanced batteries, including air batteries (e.g.,

Personal 210
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IDTechEx: market value of on-road fuel-cell vehicles to grow to $160B in 2042; 23.9% CAGR over 20 years

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IDTechEx’s analysis in their new report, “ Fuel Cell Electric Vehicles 2022-2042 ”, forecasts the market value of on-road fuel cell vehicles will grow to $160 billion in 2042 at a CAGR of 23.9% over the 20-year forecast period. This becomes an even greater challenge in a depot situation, where megawatts of power are required.

Market 221
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How Umicore is ensuring sustainability in the North American EV battery chain

Charged EVs

Robert Privette: Rechargeable batteries are among the building blocks for the green energy transition. However, at the start of its useful life an EV tends to come with a higher “carbon backpack” because of the battery. Recycling, when done properly, reduces a battery’s carbon backpack considerably compared to mining.