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Chile set to lose ground in global lithium rankings to Argentina

Chile, the second-largest supplier of lithium, expects to lose more market share to Australia and Argentina over the next decade, relegating it to third place in the global production rankings. State-run Cochilco forecasts Chile’s output of the key ingredient in electric car batteries will double by 2035 to 336,000 metric tonnes, while Argentina will increase to 415,000 tonnes, according to a report released on Tuesday. In the short term, Cochilco sees the lithium market remaining relatively tight over the next year before moving into surplus as new supply comes on stream after prices have risen over the past two years. Industry demand for electric vehicles is forecast to grow steadily at an average of 16 percent per year until 2035 as the world moves away from fossil fuels, according to Cochilco’s presentation.

BUENOS AIRES TIMES

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2023-06-03T07:00:00.0000000Z

2023-06-03T07:00:00.0000000Z

https://kioscoperfil.pressreader.com/article/282827900534065

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