PUNE, India, January 21, 2016 /PRNewswire/ --
RnRMarketResearch.com adds "Global and China Lithium Carbonate Industry Report, 2016-2020" and "Global and Chinese Lithium Carbonate (CAS 554-13-2) Industry, 2015 Market Research Report" with 2020 forecasts data and information to its online business intelligence library.
Driven by a surge in sales volume of new energy vehicles in China, the upstream material- lithium carbonate was in short supply in the fourth quarter of 2015 with soaring prices. Global lithium carbonate output increased by 12.3% year on year to 202,800 tons in 2015 and is expected to arrive at 244,200 tons in 2016, 288,900 tons in 2017, and 341,000 tons in 2018, a rise of 20.4%, 18.3%, and 18.4% from a year ago, respectively. Complete report of 135 pages supported with a list of 154 charts is now available at http://www.rnrmarketresearch.com/global-and-china-Lithium Carbonate-industry-report-2015-2018-market-report.html .
This research believes that as the Chinese government scales up its support for new energy vehicles, the demand for battery-grade lithium carbonate will be a tipping point. China's demand for battery-grade lithium carbonate was about 27,800 tons in 2015 and is expected to exceed 100,000 tons in 2020. The country's total demand for lithium carbonate will increase at annual rate of 20% over the next couple years, higher than the global average and approximating 167,000 tons in 2020.
The booming sales of new energy vehicles worldwide will boost lithium carbonate consumption significantly. According to estimates, every 100,000 new energy vehicles (electric bus (40%), electric sedan (20%), hybrid bus (25%), and hybrid sedan (15%)) will create a demand of 5,000 tons to 8,000 tons of battery-grade lithium carbonate, about a rise of 5%-8% in global demand for battery-grade lithium carbonate.
The price of lithium carbonate in China has been going straight up since Oct 2015 with that of industrial-grade and battery-grade lithium carbonate rising substantially (to RMB120,000/t and RMB150,000/t in Jan 2016, respectively, when battery-grade lithium hydroxide was quoted at RMB140,000/t, compared with the bottom price of lithium carbonate standing at RMB50,000/t). It is expected that global demand for lithium carbonate will outpace supply during 2016-2017, leading to a continued price rise during this period. As new lithium carbonate capacities are gradually released after 2017, the price will tend to stabilize.
Major Global Lithium Carbonate Companies are SQM, Albemarle, FMC, Orocobre, Galaxy Resources, Simbol Mining, Sentient and Nordic Mining.
Major Chinese Lithium Carbonate Companies are Sichuan Tianqi Lithium Industries, Inc., Qinghai Salt Lake Industry Co., Ltd., YOUNGY Co., Ltd. (formerly Luxiang), Tibet Mineral Development Co., Ltd., Sichuan Western Resources Holding Co., Ltd., Jiangxi Ganfeng Lithium Co., Ltd., Western Mining Co., Ltd., Tibet Urban Development and Investment Co., Ltd., Jiangxi Special Electric Motor Co., Ltd., Xinjiang Lithium Salt Plant, Sichuan Ni & Co Guorun New Materials Co., Ltd., Sichuan Jixiang Lithium Co., Ltd., ABA Guangsheng Lithium Co., Ltd. and Shanghai China Lithium Industrial Co., Ltd. Purchase a copy of Global and China Lithium Carbonate Industry Report, 2016-2020 at http://www.rnrmarketresearch.com/contacts/purchase?rname=457307 .
Global lithium resources are primarily concentrated in Chile and China. However, as the Chinese lithium carbonate manufacturers are restrained by production technology, the supply of capacity is limited and Chile and Australia hold the lion's share of global capacity. The world's top3 players- SQM, FMC, and Rockwood together seize more than 56% market share, which give them a strong bargaining power over downstream companies and powerful pricing power and allow them to adjust prices according to market supply & demand and changes in production costs. Global lithium carbonate companies have successively expanded capacity so as to meet ever-increasing market demand in recent years. Meanwhile, a large number of newcomers outside the industry build new capacity and get involved in lithium carbonate business, thus reducing the concentration of the industry.
Chinese lithium carbonate suppliers can be principally divided into two categories: salt lake providers represented by Tibet Urban Development and Investment, spodumene providers represented by Sichuan Tianqi Lithium Industries and Galaxy Resources. The exploitation of salt lakes in China is still in its infancy with small capacity, while spodumene providers represented by Sichuan Tianqi Lithium Industries are relatively competitive.
On Similar lines, another research titled Global and Chinese Lithium Carbonate Industry, 2015 Market Research Report is a professional and in-depth study on the current state of the global Lithium Carbonate industry with a focus on the Chinese market. The report provides key statistics on the market status of the Lithium Carbonate manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. The report estimates 2015-2020 market development trends of Lithium Carbonate industry. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. Read more at http://www.rnrmarketresearch.com/global-and-chinese-lithium-carbonate-cas-554-13-2-industry-2015-market-research-report-market-report.html .
Explore more inorganic chemicals market reports at http://www.rnrmarketresearch.com/reports/materials-chemicals/chemicals/inorganic-chemicals .
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