Lithium production accelerates 30,000 tons of lithium for global electric vehicles by 2020

Analyst Dahlman Rose & Co of the U.S. securities company said that 2020 global electric vehicle production will require 300,000 tons, which is twice the current demand for lithium. To meet this demand, related manufacturers have begun to accelerate the production of lithium.

According to Automotive News, Seifi Ghasemi, president of Rockwood, pointed out that producing each electric vehicle and hybrid vehicle requires 50 pounds and 20 pounds of lithium, respectively, and that the sales volume of 1 million electric vehicles each year means the demand for lithium in the future. Doubled.

A few days ago, Simbol Materials of the United States decided to build a lithium production plant on the border of the United States and Mexico in early 2013. It is expected that the lithium production of the plant will reach 64,000 tons in the next ten years, but the company declined to disclose the investment amount of the new plant.

In addition, Canada Lithium, Australian lithium concentrate miner Galaxy Resources and Lockwood Lithium have accelerated lithium production. The increase in lithium demand has also led to higher prices of lithium carbonate.

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