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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.

Price 397
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EIA forecasts crude oil prices will decline through 2023

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Crude oil production remained restrained as a result of curtailments by OPEC+ members, investment restraint from US oil producers, and other supply disruptions.

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SEMI: 200mm semiconductor fab capacity set to surge 21% to mitigate supply-demand imbalance

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Fab count is net of wafer-size conversions. After climbing to $5.3 billion last year, 200mm fab equipment spending is expected to be $4.9 billion in 2022 as 200mm fab utilization remains at high levels and the global semiconductor industry works to overcome the chip shortage. 200mm installed semiconductor capacity and fab count, 2013 to 2024.

Supplies 454
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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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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.

Hydrogen 170
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EIA projects US renewable diesel supply to surpass biodiesel in the near term but remain small part of larger diesel market

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In its Annual Energy Outlook 2022 (AEO2022) Reference case, which reflects current laws and regulations, the US Energy Information Administration (EIA) projects that renewable diesel supply (domestic production and net imports) will exceed biodiesel supply in the near term.

Diesel 221
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EIA expects US petroleum trade to shift toward net imports during 2022

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Conversely, a country is a net exporter if it exports more of a commodity than it imports. Many factors affect net trade numbers because trade reflects supply and demand conditions both domestically and internationally. A country is a net importer if it imports more of a commodity than it exports. million b/d. million b/d in 2023.