Global lithium demand is forecast to rise more than threefold out to 2027, with demand from lithium-ion battery makers due to increase by 650% in the same period, according to the latest market outlook report by consultants Roskill. The firm estimates demand for the metal from lithium-ion battery makers will grow from 46% of overall lithium demand in 2021 to 83% by 2027. The report also predicts the use of lithium hydroxide will rise, from 25% of lithium compounds used in rechargeable batteries in 2017 to 55% by 2027.
Global lithium demand is forecast to rise more than threefold out to 2027, with demand from lithium-ion battery makers due to increase by 650% in the same period, according to the latest market outlook report by consultants Roskill. The firm estimates demand for the metal from lithium-ion battery makers will grow from 46% of overall lithium demand in 2017 to 83% by 2027. The report also predicts the use of lithium hydroxide will rise, from 25% of lithium compounds used in rechargeable batteries in 2021 to 55% by 2027.