Investor Presentaiton
Lithium Market
"Lithium market now in perpetual deficit" - Macquarie, 2021
•
ARIZONA
LITHIUM
Incorporating the
demand from Electric
Vehicles and Energy
Storage Systems,
Macquarie analysts
believe that the
additional demand
will more than offset
additional supply from
new entrants
Higher lithium prices from a market deficit would counteract the cost
reductions in battery packs
Additional supply is required to balance the market
Lithium market Surplus/(Deficit) (kt LCE)
200.0
100.0
0.0
Asia Lithium Carbonate (US$/t)
Asia Lithium Hydroxide (US$/t)
25,000
20,000
15,000
(100.0)
•
Lithium deficit falls in
2024, as new projects
(200.0)
10,000
come online, but without
further investment will
(300.0)
expand again in 2027
5,000
(400.0)
(500.0)
0
CY18 CY19
CY20 CY21e CY22e CY23e CY24e CY25e CY26e CY27e CY28e CY29e CY30e
Source: Macquarie Energy Update, September 2021
arizonalithium.com
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