CATEGORY

Lithium

Lithium is a soft silver-white element of the alkali metal group that is the lightest metal known and that is used especially in alloys and glass, in chemical synthesis, and in storage batteries

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Price Trend
83.90
Jan-2023
USD/KG
History Forecast

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Lithium Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Lithium category is 6.44%

Payment Terms

(in days)

The industry average payment terms in Lithium category for the current quarter is 64.8 days

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    Lithium Suppliers


    Lithium Supplier

    Find the right-fit lithium supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    ALCOA CORPORATION
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

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    Up to 3 months

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    4
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    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    59

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    53
    Social
    57
    Governance
    71
    6 Domains Performance (/100)
    Business behaviour
    59
    Human rights
    56
    Community Environment
    67
    Corporate governance
    77
    Human resources
    53
    Security Scorecard
    85

    Threat indicators
    B
    87
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    66
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    81
    Application Security
    Detecting common website application vulnerbilities
    B
    84
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    84
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    97
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    alcoa.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    1
    Workforce Health Safety Issues
    0
    Product Service Issues
    27
    Human Rights Issues
    0
    Production Supply Chain Issues
    2
    Environmental Non Compliance Flags
    30
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    3
    Fraud Issues
    0
    Labor Health Safety Flags
    29
    Regulatory Issues
    3
    Workforce Disputes
    29
    Sanctions
    0
    esg energy transition
    50
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    Yes

    Lithium market frequently asked questions


    During the 2017-18 forecast, the global LCE supply was in deficit. Post that, new capacity additions were expected to contribute to the market supply and ease the situation. Market conditions will still remain tight for the supply of high-grade lithium derivatives as the inventory holdings will be used to cater to the electromobility market, thus making it less available for other uses like healthcare and ceramics.Looking at the lithium market trends during the 2017-2020 period, lithium brine production will be increasing due to the support from capacity additions by major manufacturers.

    As the demand for rechargeable lithium batteries is rising due to the growing market for portable electronics, electric vehicles, grid storage applications, etc., the consumption of lithium has significantly increased in the recent years.

    The regions leading in the lithium production capacity are Argentina, Australia, and Chile.

    The demand for lithium carbonates has been growing at a CAGR of 8 percent from 2015 to 2020. A significant part of the demand is driven by the rechargeable batteries market. As per Beroe's lithium market update for 2020, the demand share for lithium from electric vehicles will increase from 6 percent to 30 percent which will lead to a rise in the price of the metal.

    The factors driving the growth of the global lithium market are ' - Adoption of renewable energy sources (lithium-ion batteries) to avoid fossil fuel and greenhouse gas emissions - Major companies like Tesla, BMW, Nissan encouraging vehicle manufacturers to go electric - Fast-growing population increasingly dependent on smartphones, smartwatches, laptops running on lithium-ion batteries

    Lithium market report transcript


    Global Market Outlook on Lithium

    • Global LCE supply is expected to remain in deficit during 2017–18, post which, capacity additions are expected to add supply into the market and ease the tightened situation
    • Supply of battery grade (high grade) lithium derivatives is likely to remain tight, due to anticipated stockpiling/inventory holdings by suppliers to meet the demand from electro mobility market, thereby making it less available for other end uses like heath care, ceramics, etc.

    lithium market

    Lithium consumption for batteries has increased significantly in the recent year because rechargeable lithium batteries are used extensively in the growing market for portable electronic devices and increasingly are used in electric tools, electric vehicles, and grid storage applications. Lithium minerals were use directly as ore concentrates in ceramics and glass applications.

    • Worldwide lithium production increased by an estimated 13 percent to 43,000 tons in 2017 in response to increased lithium demand for battery applications
    • Consumption of lithium in 2017 was projected to be about 41,500 tons, up from 36,700 tons in 2016. Production in Australia increased by approximately 34% as two new Spodumene operations ramped up production of concentrate throughout 2017
    • The leading lithium producers in Argentina, Australia, and Chile reported strong sales; however, heavy snowfall limited production at Argentina's new brine operation. Worldwide lithium production capacity was estimated to be 58,000 tons per year in 2016
    • Owing to continuing exploration, lithium resources have increased substantially worldwide and total more than 53 million tons. Identified lithium resources in the US, from continental brines, geothermal brines, hectorite, oilfield brines, and pegmatites, have been revised to 6.8 million tons

    Global LCE Market Snapshot

    • Despite an expectation of a marginal surplus during 2017 (4,000 MT), the global lithium market is expected to remain tight during the year supported by the demand from major end-use industries. Lithium brine production is expected to be in the increasing trend during 2017–2020, supported by capacity additions by major manufacturers
    • Demand for the lithium carbonates is expected to grow by a CAGR of 8 percent from 2015 to 2020, primarily driven by the rechargeable batteries market. Demand share for lithium from electric vehicles is expected to increase from 6 percent to 30 percent by 2020, thereby supporting an increase in the price of the metal
    • Brines and hard rock ores (pegmatite) are the main sources for commercial Lithium production. There are three main types of brine deposit – continental, geothermal, and oil field with the most common being continental saline desert basins. It constitutes the majority share of Lithium production, as it is easier to explore and the cost of production is cheaper compared to hard rock mining
    • Lithium concentration in pegmatite's is much higher than in brines. Thus, deposits with extremely high lithium values may be economically viable in comparison to brine harvesting

    Drivers and Constraints 

    Drivers

    • Pollution, due to fossil fuel emissions, kills millions every year, and greenhouse gas emissions are causing rapid climate change. The world is thus increasingly switching to renewable energy sources, which due to their “peaks and troughs” in power production require cheap, efficient energy storage to ensure smooth delivery to the end-user. This requires rechargeable lithium-ion batteries
    • For the same reasons, an array of major companies, including Tesla, Apple, Google, and all the largest car manufacturers, including BMW, Nissan & Chevrolet are all betting on the electrification of vehicles, using lithium-ion batteries. Ex- Recent Volkswagen emissions scandal, with more such scandals expected in other automotive companies, will only put more pressure on vehicle manufacturers to go electric
    • A fast-growing global middle class is causing an enormous uptake of new smartphones, smart watches and laptops. These require lithium-ion batteries

    Constraints

    • In the long term, increasing demand for lithium battery compounds are expected to increase the prices of lithium metal in the global market. Supply tightness is expected to prevail, as most of the major battery expansions are due to come into production by 2020
    • China's government took some major regulatory steps in 2017 to control the nation's pollution level, which is at record highs. China launched an aggressive campaign to curb the existing pollution levels by mandating production cuts by producers
    • The price rise was governed by a slew of factors on the demand, as well as the supply sides. The supply in China became tighter due to strict environmental norms dictated by the Chinese government and closure of all small factories manufacturing from Q1 2017. Growth of Electric Vehicles market is expected to be a major driver for the increasing demand for the lithium metal globally. This, in turn, is anticipated to push the prices of lithium metal further upward