China Lithium Carbonate Industry 2014 - Global Market Size , Share, Trends, Growth, Analysis and Deep Research Report

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Global lithium carbonate output grew by 10.57% year on year to 144,400 tons in 2013, and, driven by downstream demand, will maintain an upward momentum, with an estimated AAGR of around 10% over the next couple years, above 200,000 tons in 2017.

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Lithium carbonate is primarily used in lithium battery, which accounted for 29% of lithium carbonate application in 2014. In recent years, the development of electric vehicle (EV) posed new requirements on lithium battery and lithium carbonate, and the demand has kept rising. In 2014, the demand for lithium carbonate from global EV approximated 16,000 tons, 10% or so of total demand, and is projected to hit 27% in 2017. In addition to EV, the development of the industries such as consumer electronics, grid energy storage, mobile base stations and UPS will also stimulate the demand for lithium carbonate.

Although it is the world’s second largest lithium resources state, taking up 26.92% of global reserves, China has limited capacity and supply and relies heavily on imported products, due to lower level of production technology. The apparent consumption of lithium carbonate in China was 50,500 tons in 2013, with 27% imported, and is expected to reach 53,000 tons in 2014, with degree of dependence on imported products falling slightly to 24%.

The Chinese EV market has developed rapidly in 2014, with 33,206 vehicles sold in the first nine months, surging by 363% from the same period of 2013. The demand for lithium carbonate from EV in China will stand at around 2,000 tons in 2014, making up 3.9% of total demand. As the market size expands, the share for EV’s demand for lithium carbonate is expected to rise to 13.6% in China in 2017.

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