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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. The implicit market balances are therefore a deficit of 169kt in 2021, and surpluses of 105kt in 2022 and 239kt in 2023. The INSG has no provision for market stabilization activities or market intervention of any kind.

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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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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).

Market 296
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IDTechEx forecasts $18B market for electric vehicle inverters in 2023

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The market for electric vehicle inverters, including converters, for both hybrid and pure electric vehicles—land, water and air—will grow to $18 billion in 2023 according to a new report from IDTechEx, “ Inverters for Electric Vehicles 2013-2023 ”. There is no real possibility of dominance by one provider, the company suggests.

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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. As costs fall, Navigant expects growth in the non-transport segments, creating opportunities for a variety of market players.

Hydrogen 170
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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

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Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 BGPY in 2011) would represent just 7% of the estimated global transportation fuels market in 2021. — Biofuels Markets and Technologies. billion in 2011 to $185.3 billion by 2021.

Global 253