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Lithium Supply and Market: Past, Present and Future

Pablo Cortegoso
Thursday, December 7, 2017
First presented: 
AEMA 2017
Civil Engineering
Growing demand for lithium as a cathode material in rechargeable batteries, particularly for electric vehicles, prompted a global search for more resources in recent years. As a result, global lithium prices show year-on-year growth since 2010. Prices for this commodity in the overall market have begun to accelerate since October 2015. On paper, global lithium resources can meet demand. Even though several projects plan to come online in the next few years, only a handful of producers around the world represent the current lithium supply. How will the supply/demand balance be affected by these new projects? Will the lithium ‘oligopoly’ be disrupted by the newcomers? Will the lithium pricing bubble explode due to a possible oversupply? What will Nevada’s role be in the new lithium world scheme? This presentation will examine the past, current and future aspects of the global lithium market. We will assess current and future possible producers, technological breakthroughs that could affect production costs and provide a realistic view of the demand and supply future.

Feature Author

Pablo Cortegoso
Pablo Cortegoso is a Civil Engineer with over 8 years of experience in civil and mining projects; specializing in lithium brine projects. His main areas of focus are surface water hydrology and modeling, project management, design and implementation of field programs and data collection and analysis for hydrogeological and geotechnical studies. Mr. Cortegoso has extensive experience in hydrogeological field programs, with an emphasis on lithium brine deposits, including well designs, packer testing and aquifer tests. Mr. Cortegoso expertise includes solar pond evaporation design, modeling and operation for lithium and potassium brine projects. Mr. Cortegoso has been a key member in the preparation and completion of Technical Due Diligences, Technical Reports (Mineral Resource and Reserve Statements), Preliminary Economic Assessments, Pre-Feasibility and Definitive Feasibility Studies in accordance with NI 43-101 and JORC Guidelines for lithium brine projects throughout Argentina, Chile, USA, UK and Botswana.


Lithium Project Development Specialist
MSc Civil Engineering
SRK Denver
SRK Latin America