The Lithium has added a new public company to its mix, Livent Corp, who aim to increase lithium production to the hungry electric battery market. Livent Corp believe that lithium demand will remain strong until 2025, as most lithium producers have been struggling to produce anywhere close to the markets demand.
“We think demand is going to grow almost five times larger in 2025 than it was in 2017,” chief executive officer Paul Graves said in an interview Thursday in New York, as the supplier made its trading debut. “Our biggest challenge is producing enough to meet the demand — there’s a much greater risk that this market is consistently in a deficit in the near future.”
Livent is a spinoff company from FMC Corp, and maintains the same view regarding lithium supplyas their Chinese competitor Jiangxi Ganfeng Lithium Co.
Despite the long term positives, the market has remained shaky with a number of investors concerned that new supply will flood the market and in turn reduce the value of the mineral.
“The poor performance reflects lack of confidence in the near-term lithium market,” “We think markets have indeed overreacted to the current price performance and overlooked the demand growth prospects.” Said analysts at Argonaut Securities (Asia) Ltd.