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EIA forecasts crude oil prices will decline through 2023

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In 1Q22, however, the US Energy Information Administration (EIA) forecasts that global oil markets will be balanced and that rising production will contribute to inventory builds in 2Q22 and continuing through 2023.

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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

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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.

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International Nickel Study Group forecasts increasing surplus of nickel in market this year

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INSG forecasts this to reach 3.374Mt in 2023. The INSG forecasts an increase to 3.134Mt in 2023. INSG forecasts nickel pig iron (NPI) production in Indonesia to continue to rise, and to decline further in China. The estimates do not include any adjustment factor for possible production disruptions.

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Roskill forecasts increasing dependence of Li market on batteries; switch from portable electronics to hybrids

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In a forecast of the Lithium market through 2017, Roskill Information Services estimates that rechargeable batteries will, in the base-case growth scenario, contribute 75% of the growth in forecast lithium demand to 2017, when total demand for lithium is expected to reach slightly more than 238,000t lithium carbonate equivalent (LCE).

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Hilux, Ranger EV ute conversions by Roev from $47,990 as company confirms 2023 production

EV Central

Australian manufacturer Roev plans to do just that from 2023 by converting Toyota Hiluxes and Ford Rangers to electric, with conversions priced from $47,990. The Boston Consulting Group recently forecast that 55 percent of new utes sold in Australia by 2030 would be electric.

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Navigant forecasts transportation demand for hydrogen to accelerate Power-to-Gas growth

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Navigant Research forecasts that the transportation segment, with hydrogen demand as a catalyst, will jump-start power-to-gas (P2G) demand and further drive down electrolyzer and other infrastructure costs. —Adam Forni, senior research analyst with Navigant Research.

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Pike Research forecasts surge in investment and growth in advanced biorefineries through 2022

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Pike Research forecasts that biorefineries globally will attract $170 billion in new capital investment between 2012 and 2022, reaching 81 billion gallons per year (BGY) of installed capacity. thermochemical and hybrid conversion pathways are expected to increase over the remainder of the forecast period. Source: Pike Research.

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