JSC CMP participated in SMM webinar: impact of production in Africa on the global lithium market

On the 19th of July 2024 employees of JSC CMP participated in SMM. SMM analysts gave their assessment about the future movement of the lithium market in the next few years. According to their forecasts, the growth in global lithium resource supply will continue until 2027: the share of spodumene is 48%, lepidolite 10%, salt lakes 33%, and the remaining 9% from secondary processing, etc.

China's lithium concentrate imports as of June 2024 remain relatively high. Africa continues to be the most significant contributor to the increase in China's lithium concentrate imports. More than that hedging in the futures market and higher delivery requirements from buyers in China are increasing domestic demand for spot lithium ore.