On November 25, at the 2nd China International Lithium Industry Conference, Jiang Anqi, Chairman of Tianqi Lithium, stated that driven by the demand for renewable energy grid integration and the rapid growth of electrified equipment such as commercial heavy-duty trucks, the demand for basic lithium materials in energy storage and power batteries continues to rise. Global lithium demand is projected to reach 2 million tonnes of lithium carbonate equivalent in 2026, essentially achieving a supply-demand balance. With the improvement in the supply-demand dynamics of the lithium industry, the sector will break away from homogenized competition, and companies will embrace greater development opportunities.
Edited by Cassie Li, lixiangying@mysteel.com
