RE: Cínovec future operations estimate3 Dec 2020 06:20
Jiangxi Jinhui lithium industry and Nanshi lithium battery raise the price of lithium carbonate
https://equalocean.com/briefing/20201203230005900
Lithium Market Is Booming Worldwide To Generate Massive Revenue | Nemaska Lithium; Neometals Ltd; Orocobre Limited Pty Ltd, Avalon Advanced Materials,European metals Holdings .
The Top Reasons Lithium Prices Could Accelerate Higher, Near-Term:
Lithium prices have bottomed out, according to Orocobre, with realized October-December prices expected to be higher than July-September, as reported by Argus Media. In addition, according to Green Car Congress, “The underlying demand growth for lithium compounds remains strong, with demand from rechargeable battery applications forecast to exceed 220kt LCE in 2020, representing roughly 70% of total lithium demand. Forecast growth in Li-ion battery demand from EV applications continues to be strengthened with major markets targeting an earlier transition to EV-only sales, in order to reduce emissions from transport.”
Helping quite a bit, there’s big demand and support for electric vehicles. For one, according to the Boston Consulting Group, EVs could account for a third of all auto sales by 2025. Two, Joe Biden seems to be a fan of EVs, too. In fact, his site notes, “There are now one million electric vehicles on the road in the United States. But a key barrier to further deployment of these greenhouse-gas reducing vehicles is the lack of charging stations and coordination across all levels of government. As President, Biden will work with our nation’s governors and mayors to support the deployment of more than 500,000 new public charging outlets by the end of 2030.”
In addition, countries around the world are pushing EVs. In Europe, for example, “Automakers need to sell more electric vehicles after EU lawmakers in December 2018 ordered them to cut CO2 emissions by 40 percent between 2007 and 2021, and then by a further of 38 percent by 2030, or face fines,” as noted by Reuters. Plus, General Motors just announced that it will invest $2.2 billion in U.S. manufacturing to increase EV production.
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