In 2025, the price of 99% lithium carbonate is projected to be around 7.60 U.S. dollars per kilogram.
Growing global lithium demand
There has been a steady increase in battery demand globally, which in turn becomes a strong driver of lithium usage in the future. However, producers have been unable to keep up with the demand. In 2025, global lithium demand is expected to reach 4,450 metric tons of lithium carbonate equivalent for non-rechargeable batteries. The 2018 annual average price of battery-grade lithium carbonate was 17,000 U.S. dollars per metric ton, increased from the 15,000 U.S. dollars in the previous year.
Lithium demand by application
Lithium has many end use applications aside from batteries. For example, demand for lithium in ceramics is anticipated to reach 51,788 metric tons of lithium carbonate equivalent in 2025. Another example is that the demand for lithium in polymers is expected to grow to 12,624 metric tons of lithium carbonate equivalent by 2025, from the 2018 demand which was 9,873 metric tons.
Forecast of annual price averages for lithium chemicals worldwide from 2015 to 2025
(in U.S. dollars per kilogram)
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Stormcrow. (May 29, 2015). Forecast of annual price averages for lithium chemicals worldwide from 2015 to 2025 (in U.S. dollars per kilogram) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/452028/average-annual-price-projection-for-lithium-chemicals-globally/
Stormcrow. "Forecast of annual price averages for lithium chemicals worldwide from 2015 to 2025 (in U.S. dollars per kilogram)." Chart. May 29, 2015. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/452028/average-annual-price-projection-for-lithium-chemicals-globally/
Stormcrow. (2015). Forecast of annual price averages for lithium chemicals worldwide from 2015 to 2025 (in U.S. dollars per kilogram). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/452028/average-annual-price-projection-for-lithium-chemicals-globally/
Stormcrow. "Forecast of Annual Price Averages for Lithium Chemicals Worldwide from 2015 to 2025 (in U.S. Dollars per Kilogram)." Statista, Statista Inc., 29 May 2015, https://www.statista.com/statistics/452028/average-annual-price-projection-for-lithium-chemicals-globally/
Stormcrow, Forecast of annual price averages for lithium chemicals worldwide from 2015 to 2025 (in U.S. dollars per kilogram) Statista, https://www.statista.com/statistics/452028/average-annual-price-projection-for-lithium-chemicals-globally/ (last visited November 05, 2024)
Forecast of annual price averages for lithium chemicals worldwide from 2015 to 2025 (in U.S. dollars per kilogram) [Graph], Stormcrow, May 29, 2015. [Online]. Available: https://www.statista.com/statistics/452028/average-annual-price-projection-for-lithium-chemicals-globally/