{"id":36928,"date":"2024-07-31T05:10:00","date_gmt":"2024-07-31T10:10:00","guid":{"rendered":"https:\/\/latamobility.com\/?p=36928"},"modified":"2024-07-30T20:03:26","modified_gmt":"2024-07-31T01:03:26","slug":"report-electric-vehicle-growth-needs-to-be-10-percentage-points-higher-to-offset-lithium-market-surplus","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/report-electric-vehicle-growth-needs-to-be-10-percentage-points-higher-to-offset-lithium-market-surplus\/","title":{"rendered":"Report: Electric Vehicle Growth Needs to be 10 Percentage Points Higher to Offset Lithium Market Surplus"},"content":{"rendered":"\n
Bank of America (BofA)<\/strong> published the report “Global Metals Weekly – Geopolitics supersedes economics in lithium supply”,<\/strong> which analyzes lithium market trends.<\/p>\n\n\n\n
The report notes that prices of this resource remain under pressure due to steady increases in supply, and does not expect the current surplus to peak until next year.<\/strong><\/p>\n\n\n\n
The U.S. bank notes that to correct this supply-demand mismatch or “rebalancing problem,”<\/strong> electric vehicle penetration rates need to be 7 to 10 percentage points higher to offset the current surplus in the lithium market.<\/p>\n\n\n\n