The Markets

Lithium supply has to increase at a 19% CAGR over the next 6 years to meet 2025 demand. Even at the height of the market, the industry only managed to grow by 11% per year, on average, from 2015 - 2018.

New lithium-ion applications and technologies are rapidly coming to market in the electricity grid and energy storage sectors which are expected to significantly increase demand for Lithium compounds.