Investors And Consulting Firms Keep Optimistic On Lithium Demand In 2026
| Jerry Huang
The global EV market has come to a relatively “rational” growth rate along with a worldwide decline of electric vehicle subsidies in last few years, bringing a weaker-than-expected demand for lithium salts during the same period of time.
Recently consulting firm Adamas Intelligence predicted that as the popularity of electric vehicles enters a relatively mature stage, the growth of energy storage demand will become the "key fluctuating factor" that will affect battery production, which will eventually shape lithium demand in 2026. Citigroup, UBS and Bernstein predict that this energy storage expansion will drive the global lithium market to be in short supply next year. Demand for lithium in energy storage segment is likely to grow by 55% next year, far outpacing the 19% increase in electric vehicles.