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Benchmark: Chinese cell oversupply putting pressure on Tier 3 producers

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Continued investment in China’s battery production scene is increasingly pushing its market into oversupply, putting strain on Tier 3 producers which are unable to access large global EV markets and are forced to compete in the saturated domestic space, according to Benchmark Mineral Intelligence.

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Battery-grade lithium carbonate forecast to trade at $74K/tonne in 12 months

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Trading Economics global macro models and analysts expectations forecast battery-grade lithium carbonate to trade at 504,813 CNY (US$74,000) per tonne in 12 months time. Lithium carbonate is forecast to trade near its high. Lithium is expected to trade at 484,185.00 by the end of this quarter. Source: Trading Economics. Earlier post.).

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Tesla & CATL deemed the Power Couple to Recharge the US EV Market: Morgan Stanley

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Morgan Stanley analyst Adam Jonas deemed Tesla and CATL the power couple that could recharge the United States electric vehicle (EV) market. In a note released earlier this week, Morgan Stanley writes that the United States is an under-penetrated EV market, whereas China is a fully-penetrated EV market.

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IEA forecasts world oil demand to hit record 101.9 million b/d in 2023; non-OECD to account for 90% of growth

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In its April Oil Market Report , the International Energy Agency (IEA) forecasts that world oil demand will climb by 2 mb/d in 2023 to a record 101.9 IEA forecasts global refining throughput to average 82 million barrels per day this year, 0.1 million barrels per day. OPEC+ is expected to drop by 760 kb/d.

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Benchmark: Africa’s lithium production to increase >10x this decade; potentially 12% of global supply

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Africa’s mined lithium production output is set to increase more than ten-fold this decade, according to Benchmark’s Lithium Forecast. Benchmark’s Lithium Forecast shows that the region is expected to account for just 4% of global mined lithium supply this year. The continent is forecast by Benchmark to produce just 0.1%

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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 mb/d in 2023, according to the forecast. Nevertheless, product markets are expected to remain tight, with a particular concern for diesel and kerosene supplies. mb/d this year, world oil demand is forecast to expand by 2.2

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CRU: Chinese EV sales hit hard by COVID-19 outbreak, but only for short-term

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The COVID-19 has hit the Chinese EV sector hard; CRU, a provider of business intelligence on the global metals, mining and fertilizer industries, believes that weak sales will last at least until early Q2 2020. Nonetheless, it continues to forecast Chinese EV sales growth in 2020 over 2019’s total.

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