Post by sajindarahmanpriya on Feb 20, 2024 4:56:23 GMT
Buenos Aires – The demand for lithium will continue to grow in the coming years and will be dominated by the use of electric vehicles. The price for its application in batteries. It has not yet reached minimum levels, but towards 2030 it would increase in search of a balance between supply and demand.
With 64 projects, Argentina is the second country in resources and the third in reserves. It is currently the fourth world producer, but is expected to be third by the end of the decade.
These are some of the data that emerge from the summary of a report 'Lithium Market Study in Argentina by Project and by Company' prepared by the consulting firm Aleph Energy, directed Asia Mobile Number List by Daniel Dreizzen and to which Bloomberg Línea had exclusive access. The report analyzes the global lithium market, but describes in detail the business in Argentina, in which 41 companies, of various flags, sizes and characteristics, own 64 projects.
Argentina's potential with lithium is immense and the growth is going to be very greatDaniel Dreizzen, director of the consulting firm Aleph EnergyBrine is the most economical resource and has the highest lithium content. Sal de Vida Project in Catamarca operated by Allkemdfd
Lithium Evaporation Pools Brine is the most economical resource and has the highest lithium content. Sal de Vida Project in Catamarca operated by Allkem (Allkem)International lithium priceOne of the difficulties that the sector is going through is the lack of a solid reference price/market and price volatility. place , which represents about 20% of the market. That price, which reached $80,000 per ton of lithium carbonate at the end of 2022, fell to $20,000 in December of last year.
Wood Mackenzie's forecasts indicate that there is still room for the price to fall, but it will recover ground in the medium term in search of a balanced price aligned with demand. The new price increase would not begin until 2028.
Lithium in ArgentinadfdLithium Carbonate Price Forecasts Source: Madera MackenzieAccording to the summary of the Aleph Energy report, the drop registered in 2023 responds to the increase in supply and reduction in demand due to the use of stocks (more balanced market). Between 2024 and 2025 there will be an influx of new projects and expansions that increase supply, while from 2026 the growth in supply will be limited.
With 64 projects, Argentina is the second country in resources and the third in reserves. It is currently the fourth world producer, but is expected to be third by the end of the decade.
These are some of the data that emerge from the summary of a report 'Lithium Market Study in Argentina by Project and by Company' prepared by the consulting firm Aleph Energy, directed Asia Mobile Number List by Daniel Dreizzen and to which Bloomberg Línea had exclusive access. The report analyzes the global lithium market, but describes in detail the business in Argentina, in which 41 companies, of various flags, sizes and characteristics, own 64 projects.
Argentina's potential with lithium is immense and the growth is going to be very greatDaniel Dreizzen, director of the consulting firm Aleph EnergyBrine is the most economical resource and has the highest lithium content. Sal de Vida Project in Catamarca operated by Allkemdfd
Lithium Evaporation Pools Brine is the most economical resource and has the highest lithium content. Sal de Vida Project in Catamarca operated by Allkem (Allkem)International lithium priceOne of the difficulties that the sector is going through is the lack of a solid reference price/market and price volatility. place , which represents about 20% of the market. That price, which reached $80,000 per ton of lithium carbonate at the end of 2022, fell to $20,000 in December of last year.
Wood Mackenzie's forecasts indicate that there is still room for the price to fall, but it will recover ground in the medium term in search of a balanced price aligned with demand. The new price increase would not begin until 2028.
Lithium in ArgentinadfdLithium Carbonate Price Forecasts Source: Madera MackenzieAccording to the summary of the Aleph Energy report, the drop registered in 2023 responds to the increase in supply and reduction in demand due to the use of stocks (more balanced market). Between 2024 and 2025 there will be an influx of new projects and expansions that increase supply, while from 2026 the growth in supply will be limited.
