The possibility of an oversupply of lithium chemical is a myth, the president of California-based Global Lithium, Joe Lowry, said this week.<\/p>\n
Addressing the audience at the conference Paydirt 2019 Latin America Downunder, Lowry blamed the spread of such a ‘myth\u2019 on \u2018big bank\u2019 analysts and the Chilean regulator CORFO.<\/p>\n
In Lowry’s view, there have been misunderstandings regarding CORFO’s reports related to its revised agreements allowing Albemarle and SQM to produce more material from the Atacama brine resource.<\/p>\n
“The reality is increasing production quickly is not so easy,\u201d he said.<\/p>\n
The executive predicts that the \u2018Big Four\u2019 global lithium producers, SQM, Albemarle, Ganfeng and Tianqi, would not be able to meet the lithium demand forecasted for 2025 on their own.<\/p>\n \u201cOverall, the industry faces a lack of financing and needs to inject more than $12 billion within five years to have a chance of meeting demand,\u201d he said. \u201cThis requirement is exacerbated further by known and emerging failures in lithium start-ups which have demonstrated a lack of necessary skillsets \u2013 high profile failures that have discouraged sector investment.”<\/p>\n On the issue of source, the Global Lithium executive called for a more balanced debate, saying analysts\u2019 predictions of the dominance of hard rock lithium were both incorrect and incomplete.<\/p>\n “Neither lithium source \u2013 hard rock or brine \u2013 will dominate the future,\u201d Lowry told those gathered in Perth, Western Australia. \u201cIt will be cathode selection decisions that will drive product choice. Any price issue will be defined more by the actual production cost curve at the time \u2013 but expect prices to be much firmer going forward.\u201d<\/p>\n The post Lithium expert dismisses oversupply forecasts<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" The president of Global Lithium dismissed as a ‘myth’ the possibility of the markets being flooded with lithium chemical.<\/p>\n The post Lithium expert dismisses oversupply forecasts<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[523,405,2694,404,369,1197,2695],"tags":[15,288],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1116803"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1116803"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1116803\/revisions"}],"predecessor-version":[{"id":1116804,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1116803\/revisions\/1116804"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1116803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1116803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1116803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Global Lithium predicts that the industry will need to inject $12 billion within five years to have a chance of meeting demand.<\/q><\/p>\n