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Lithium Miners News For The Month Of May 2023


Electric car and EV car charging station with cityscape background in futuristic vehicle concept. Electric vehicle in smart city at night. EV car charging at electric vehicle charging station.


Welcome to the May 2023 edition of the lithium miner news.

The past month saw a huge recovery in China spot lithium carbonate prices (up 44%). China EV sales have been doing very well which has lifted lithium demand and run

China lithium carbonate spot price 5 year chart

Trading Economics

SPGlobal lithium price forecast as of Nov. 2022


Wood Mackenzie's lithium price forecast - July 2022

Wood Mackenzie

UBS lithium demand v supply forecast to 2030


Lithium demand v supply forecast by Benchmark Mineral Intelligence (from mid 2022)


Fastmarkets lithium demand v supply forecast (as of 2022)


BMI (Q2, 2022 forecast) - Lithium demand to exceed supply mostly this decade


Lithium demand v supply chart (kt LCE battery grade) (deficits forecast every year with only a slight surplus in 2027)

Liontown company presentation courtesy of Wood Mackenzie & Albemarle

Trend Investing v IEA demand forecast for EV metals

Trend Investing and the IEA

2021 IEA forecast for critical metals


Rio Tinto's lithium emerging supply gap chart

Rio Tinto

BMI demand growth 2022-2035 (in mtpa) for critical metals, also number of new mines required by 2035


BMI Lithium forecast to 2032

Reuters courtesy Benchmark Mineral Intelligence

Solar & wind production needs to increase by 3x/yr, battery production by 29x/yr, BEV production by 11x/yr

Tesla 2023 shareholder meeting

Kwinana lithium refinery JV (51% Tianqi: 49% IGO) in Western Australia

IGO Limited

Summary of March 2023 Quarterly Activities results

Pilbara Minerals

MinRes' production expansion targets as of Nov. 2022


Global X Lithium & Battery Tech ETF (<a  data-src=

Seeking Alpha

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