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Albemarle ups lithium demand forecast to 3.7 MMt in 2030, calls for higher prices to support new projects to meet demand gap

Green Car Congress

In its 2023 Strategic Update , Albemarle Corporation raised its forecast for 2030 global lithium demand (LCE, lithium carbonate equivalent) to 3.7MMt—an increase of 15% from its previous forecast due to the impact of the US “Inflation Reduction Act” and strong EV demand.

Price 397
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Battery-grade lithium carbonate forecast to trade at $74K/tonne in 12 months

Green Car Congress

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. Earlier post.). Source: Trading Economics.

Carbon 483
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Morgan Stanley raises CATL price target & forecasts strong profit growth for 2024

Teslarati

Morgan Stanley raised its price target for CATL from RMB 184 to RMB 210. Morgan Stanley forecasted that the Chinese battery supplier will return to solid profit growth later in 2024. The Chinese automaker appears to be strengthening its position in China by working with other prominent companies domestically. to RMB 180.85

Price 92
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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). BNEF has more than doubled its estimates for energy storage deployments from 2025 to 2030 across Europe from previous forecasts.

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Toyota cuts 2023 EV sales forecast by nearly 40% in latest questionable strategy shift

Electrek

Although Toyota expects record growth this fiscal year, it’s cutting its EV sales forecast by nearly 40%. In Toyota’s latest questionable strategy shift, the company will lean into hybrids to “avoid the price competition” in the EV market.

Toyota 144
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IDTechEx forecasts global production of electric LCVs to exceed 2.4M units annually by 2030

Green Car Congress

In a new report, “ Electric Vans 2020-2030 ”, UK-based IDTechEx forecasts that global production of electric LCVs will exceed 2.4 Forecast eLCV share of total global LCV market revenue. million units annually by 2030. Source: IDTechEx Electric Vans 2020-2030.

Global 259
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Tesla skeptic lambasts company goals, forecasts severe stock contraction

Teslarati

Now, despite the company finding continuing success , long-time Tesla bear Toni Sacconaghi has published a report for his investment institution, Bernstein Wealth Management, remaining skeptical regarding the stock’s future and calling its goals “unrealistic.” Shoot me an email at william@teslarati.com.