Understand And Examine The Lithium Carbonate Market In ChinaWednesday October 3 4:00 AMResearch and Markets (http://www.researchandmarkets.com/reports/c70246) has announced the addition of "China Lithium Carbonate Market Forecast Report, 2008-2010" to their offering. Lithium is widely used in the battery industry, ceramic industry, glass industry, aluminum industry, lubricant, refrigeration, nuclear industry, optical electric industry, etc newly emerged fields. In the field of lithium application in 2006, the ratios of battery industry, lubricant and ceramic industry amounted to 21.4%, 16.54% and 12.65% respectively. Meanwhile, as lithium carbonate is the basic material to produce lithium salt and lithium, lithium carbonate becomes the key in the lithium industry, and other industrial lithium products are downstream products of lithium carbonate generally. Currently, the global lithium carbonate market capacity is 80-90 thousand tons, and from the perspective of the inorganic salt annual report in Asia, the global lithium carbonate demand amounted to 83.8 thousand tons in 2006, and the supply was 85 thousand tons, so the supply and demand was balanced. It is forecasted that the global lithium carbonate demand will exceed 90 thousand tons in 2007, whose growth margin will reach about 8%; in addition, the global lithium demand will increase at the pace of 5-7% in the following 3-5 years. Although China has Salt Lake with high resource value, China achieved technology breakthrough in 2004, which made China enter the global lithium carbonate market. Presently, the lithium carbonate production capacity is only 33 thousand tons in China, and 45 thousand-ton production capacity will be released from 2008 to 2010. As China is the main region of global lithium carbonate production capacity release, it will influence much on the global lithium carbonate supply layout. At present, the main production capacity in the world mainly concentrates in SQM, FMC and Chemetall, the accumulated market shares of which accounts to 73%. Along with the continuous input of large-scaled lithium carbonate projects in China, the demand and supply balance of lithium carbonate will worsen soon. The global lithium carbonate surplus will amount to 13.2 thousand tons in 2007, and it will become worse in 2008. The supply will be much larger than the demand, which will lead to rapid price drop. Companies Mentioned: -CITIC Guo'an -Tibet Mineral Development Co., Ltd -Qinghai Lithium Co., Ltd -Salt Lake Group For more information, visit http://www.researchandmarkets.com/reports/c70246 |
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