TRU Lithium Supply-Demand Forecast 2022 /30
14th Lithium Supply & Markets Conference Phoenix USA June 27, 2022 AnnouncedLithium Supply Producers Competition Lithium Markets Materials Trends Outlook - Lithium Prices Lithium Experts Li Companies
Lithium Industry Chaos Troubling as Lithium Prices Turn Unreal. TRU Group says most Lithium Space Players at fault!
TRU Group Inc - Last year 2021 lithium prices declined as (uniquely) predicted by TRU Group ending at an average of $6,600 per t-Li-carb. This year 2022 there will be medium-term supply chain and energy issues radically impacting prices.Note lithium price chart forecast 2022 chart shown was updated June 08, 2022. Latest month April 2022 lithium carbonate price final was USD$42,4900 per t-carb FOB Chile.
TRU Group Lithium original 2009 Supply-Demand Long Range IM Conference Forecast was first presented January 2009 in Santiago Chile. The forecast is based on TRU Group's own data and was for Mitsubishi Corporation: It required minor modification for 2011. The projections for the underlying forecast have proved reasonably robust although on the supply side most of the early players have gone to be replaced, merged or taken over by new juniors! The 2009 supply-demand projection has been proven notably accurate through 2020. The TRU Group lithium five year horizon carbonate price projection made in 2011 came in accurate to ±10% through mid-year 2016. TRU Group Inc - with well over 150 person-years of lithium chemical & geological experience - has a full comprehensive capability to produce battery grade lithium chemicals from brines or minerals! We assist companies from exploration, through process engineering to lithium product design. For example, TRU technically assessed, chemically modeled and ranked 170 lithium salt lake salars and the 30 pipeline mineral-based lithium projects being promoted globally. Click for TRU Group Lithium & Brine Team •• View TRU Group Team visit to Salar Uyuni, Bolivia
Lithium Supply and Battery Raw Materials 2022
Phoenix AZ, USA | June 27 - 29, 2022 Agenda by Fastmarkets
Previously IM Industrial Minerals
At the very first IM lithium conference 2009 in Santiago, Chile TRU Group gave two presentations: one by Ihor Kunasz, on brine resource estimation, and the other by Ed Anderson on lithium supply-demand At this 2022 conference please contact Fred Ratel, Battery Materials Scientist, to arrange a private meeting with TRU Group email email@example.com or Ed Anderson, President TRU Group.
Mon June 27, 2022 – Main Conference: Day One
- 09:00AM Keynote address:
- policy of the Federal Government support domestic lithium supply
- Eric Norris President of Lithium Albemarle Corporation
- 11:45 Pricing Volatility & Future Contracts
- 12:45 What can Li consumers do to secure Li supply
- 2:00 Ramping up lithium production: new lithium stock coming Online
- 2:00 ESG and regulatory reality check
- 2:30 Managing ESG risks in the EV battery supply chain
- 2:30 Compass Minerals Presentation
- 2:45 Lithium Power International Presentation
- 3:30 Critical Elements Lithium Corp. Presentation
- 3:30 Battery recycling and lithium supply
- 3:45 Pioneering sustainable chemical production from mica minerals
- 4:15 Building and tracking an environmentally responsible supply chain
Tues June 28, 2022 – Conference Day Two
- 09:00 Investor view: Insights from the lithium investor community
- 9:45 Carbonate, Hydroxide or Lithium Metal: demand forecast
- 10:45 Investment & Pricing Structures
- 11:05 The cure for Bi-Polar Disorder
- 11:25 DOE Supporting Battery Materials Projects
- 11:45 Is the structural deficit is here to stay?
- 2:00 Optimizing lithium production in Nevada
- 2:00 Direct Lithium Extraction Technologies
- 2:30 Changing geopolitics of lithium
- 2:30 Supporting domestic supply with ethically sourced lithium
- 2:45 Galvanic Energy Smackover Project Update
- 3:30 Winsome Resources: Hard Rock Lithium focus in Quebec
- 3:30 Lithium perspective for Europe: Outlook 2030
- 3:45 Adionics project update
- 3:50 South America’s Lithium Dynamic
- 4:00 Cost to become a lithium miner today?
- 4:10 West Australian spodumene: Can it underpin the demand of the EV industry?
- Wed June 30, 2022 – Lithium Batteries and Materials
- 9;00 Global Outlook for the EV and E-Mobility Markets 2030
- 9:30 Global Rise of Gigafactories Regional Outlook
- (:50 Next Generation Batteries: Are we nearly there?
- 10:45 Grid-scale battery storage technologies
- 11:15 Building better batteries: Chemistry Shifts
- 11:45 Advancing innovation in battery recycling
- 2:00 The Future of Automotive Battery Supply Chain
- 2:00 Nickel, Cobalt & Manganese Deep Dive
- 2:30 Innovation in Cathodes and Anodes
Consult TRU Group on all battery materials and battery developments!
Edward R. Anderson, President & CEO
B.Sc.(Hons)., Dpl.(Marketing Research)., MBA., FCIArb
International Mobile Cell USA: +1-520-229-7836 Email: firstname.lastname@example.org
Attendees Lithium Conferences Previously : Lansdowne Aetos Capital l Akcoat İleri Kimyasal Kaplama Malzeme San.Tic.A.S. l Albemarle l Allkem l ALTICHEM l AMG Lithium l Anchorage Capital Group l Anglo American l Argosy Minerals Ltd l Asaka Riken Co.,Ltd. l Ascend Elements l Asian Chemtech Pvt. Ltd. l Aurora Energy Metals Ltd l BASF Corp l Battery Materials Scientist l Bloomberg News l BMW AG l Bonanza Kings Capital l Burns & McDonnell l Chengxin Lithium Group l Circular Energy Storage l Circulor l CME Group l Companhia Brasileira de Lítio l Compass Minerals l Corning Incorporated l COSMO ENERGY HOLDINGS CO., LTD. l Cove Street Capital l Cowen l Department of Energy, LPO l Deutsche Bank l Deutsche Rohstoffagentur (DERA) l E3 Metals Corp l EcoPro Innovation l EnergySource Minerals l Eramet S.A l Essential Metals Limited l FREYR l FRONTIER LITHIUM INC l Galp Energia, S.A l Galvanic Energy l Global Lithium LLC l Global Lithium Resources Limited l Goldman Sachs l Greenhill & Co. l Hanwa Co., Ltd. l HELM AG l Hosokawa Micron Powder System l House Mountain Partners l IBC Advanced Technologies, Inc l iLiMarkets l Infinity Lithium l Investissement Quebec l Ioneer Ltd l ISU Chemical l Japan Oil, Gas and Metals National Corporation(JOGMEC) l JM Specialists l JordProxa Pty Ltd l Kiewit l Koch Strategic Platforms l Kowa Co., Ltd. l Lake Resources NL l Latin Resources Limited l Lepidico Ltd l LevertonHELM Ltd l LG Chem l Lilac Solutions l Linct Materials Pte. Ltd. l Lithium Americas Corp. l Lithium Ark Holding B.V. l Lithium Corporation l Lithium Power International Ltd l Lithium Royalty Corporation l LITHIUM VALLE l LITHOS, LLC l Livent l LMC Automotive l London Metal Exchange l Luna Lithium l Mangrove Lithium l Maxxwell l McKinsey & Co l Mercuria Energy Trading SA l Minerva Lithium LLC l Minviro Ltd l Mitra Chem l Morella Corporation l National Energy Technology Laboratory l NEXT Lithium Corp. l NGL Energy Partners l Nissan Motor Co., Ltd. l Noram Lithium Corp. l Novalith Technologies l Nth Cycle l Origin Minerals l Pallinghurst-Traxys Responsibly Sourced Battery Materials l Pemco Intl l Piedmont Lithium Limited l Pilbara Minerals l POSCO-PILBARA lithium solution l Prime Planet Energy & Solutions l Primero Group l Pure Lithium l Red Dirt Metals l Renascor l Rho Motion l Ridgeline Royalties Inc l Rio Tinto l RK Equity l Ruhrpumpen Houston Service Center l Saltworks Technologies Inc. l SCG l SCHOTT AG l SENFI UK - a SCG Chemicals company l SQM l Stelco l SUEZ Water Technologies & Solutions l Sumitomo Corporation l Summit Nanotech l Swenson Technology, Inc. l TechMet Ltd l The Heritage Group l Toyo Chemicals Co., Ltd. l Toyota Tsusho Corporation l Trafigura Pte Ltd l Traxys l TRU Group Inc - Lithium Consultants l U.S. Geological Survey l UMICORE l US Magnesium LLC l Veolia Water Technologies l VIRIDIAN LITHIUM l Volvo Car Corporation l Whiting Equipment Canada l Williams l Winsome Resources Ltd l Wood Mackenzie l LG Chem Li-Cycle Lilac Solutions Li-Metal Linct Materials Pte. Ltd. Lithion Recycling Lithium Americas Lithium Royalty Corporation Lithium Solutions Canada Inc. Livent LMC Automotive London Metal Exchange Lux Research LytEn, Inc. Mangrove Lithium Marbex LLC Mars & Co McKinsey & Co MECS Inc. Mercedes-Benz Research & Development Metso Outotec Millstone & Co Minviro Ltd Mitsubishi Corporation RtM Japan Ltd. Mining Industries of Ukraine Neo Lithium Corp NGL Energy Partners Ocean Solutions LLC OneCharge Pala Investments Panasonic Corporation Panorama Minero Piedmont Lithium Pilbara Minerals Limited POSCO INTERNATIONAL CORPORATION, LiB MATERIALS GROUP POSCO INTERNATIONAL, LIB GROUP Prairie Lithium Primero Prince Minerals Providence College Pure Energy Minerals Ltd Pure Lithium Corporation Resource Plant Reuters Rho Motion Ridgeline Royalties Inc. Rivian RK Equity Rosatom America Latina Saft, Samsung Samsung SDI Schlumberger SCHOTT AG Seaport Research Partners SGX Shale Mag Sigma Lithium SIMCO Lithium Simco Spa SK Innovation SK USA SONOSA, SQM Standard Chartered Bank Stormcrow Capital Strathcona Mineral Services Limited Summit Earth Swenson Technology, Inc. Tata Motors Ltd TECPETROL S.A TerraLithium, LLC Tesla The Australian Trade and Investment Commission, The Honjo Chemical Corporation The Jacobsen - Toyota Tsusho Toyota Tsusho Material Incorporated TRAXYS Traxys Battery Holdings Ltd Traxys North America LLC Trojan Battery/C&D Technologies UkrLithium Minining LLC UkrLithiumMining Umicore Universal Materials Incubator Co.,Ltd. University of Aruba Uranium One Holding N.V. US Critical Minerals Veolia Water Technologies VICE Wave International Welsbach Holdings Pte Ltd Wesfarmers Chemicals Energy & Fertiliser Whiting Equipment Canada Inc. Williams Jones Wealth Managment Winsome Resources Wogen Wood Mackenzie Australia Pty Ltd. Xos Trucks Zelandez Adionics Akcoat İleri Kimyasal Kaplama Malzeme San.Tic.A.S. Albemarle Albemarle Corporation Alpha Lithium ALTICHEM American Battery Technology Company American Lithium Corp AMG Lithium Anson Funds Anson Resources Ltd Arkema - ArrMaz ARRACO Global Markets Ltd ATL AustralianSuper Axion - Rare-Earth and Noble Metals baker steel Bal-Co spa BASF Battery Value Chain Bepex International Black Mountain Blackstone Resources Bloomberg News BMW Group Borman Specialty Materials BoxScore Brands, Inc. Burgundy Asset Management Ltd Canada Nickel Company Inc. Canda Nickel Company Casey Industrial Cassels Brock & Blackwell LLP CHORI AMERICA, INC. CHORI CO., LTD. CME Group Cobrador Capital Advisors Companhia Brasileira de Lítio Compass Minerals Consolidated Terminals & Logistics Company Controlled Thermal Resources Corning Incorporated Cosmo chemical co. Ltd COSMOCHEMICAL CO.,LTD Cowen Cowen and Company, LLC Critical Elements Lithium Corp Czech Geological Survey DCDB Group Deutsche Bank Deutsche Rohstoffagentur (DERA) DuPont E3 Metals Corp eJoule Inc Energy Exploration Technoloiges, Inc EnergySource Minerals EnergyX ERAMET Euro Lithium Euromoney Institutional Investor Plc EV Battery Resources LLC Evonik Operations GmbH Fastmarkets Fastmarkets MB fastmarkets RISI Federated Hermes Finland Flinn & Dreffein Engineering Co. FLSmidth Frontier Lithium Inc Galp Galvanic Energy GEA GEA Process Engineering GEA Systems NA LLC General Motors Global Energy Metals Corporation Global Lithium Goldman Sachs Government of Western Australia Guzman Energy Halmek Harvey Partners, LLC House Mountain Partners IBC Advanced Technologies, Inc IG Global Group IHS Markit iLi Markets iLiMarkets Investing News Network Ioneer Ltd IXM/CMOC Jade Cove Partners Japan Oil, Gas and Metals National Corporation Jett Capital JOGMEC Johnson Matthey JordProxa JSC Tvel KBR KEEI Knight Piesold Korea University Kowa Holdings America KPMG Corporate Finance Inc. Krastsvetmet Lake Resources NL Resources Co Ltd ACi Systems Alemania GmbH Ad Infinitum Adionics Advantage Lithium AFP Albemarle Alliance Mineral Assets Altichem Altura Mining Andritz Archroma U.S. Arena Minerals Argosy Minerals Ausenco Engineering Canada BASF Birimian Limited Bloomberg New Energy Finance Bloomberg News BLUE SOLUTIONS CANADA BMO Capital Markets BMW AG BNamericas Canada Nickel Company Cassels Brock Catholic University of Chile CBL - Cia Brasileira de Litio Chemphys CLS CMP Codelco Commodity Capital Compass Minerals CORFO CORNING Inc Corning Incorporated Critical Elements Corporation Dark Horse Resources DCDB Group Deutsche Bank Ecopro Innovation Ecus Capital / ERAMET EL MERCURIO/INVERSIONES Energy Exploration Technologies EnergySource Minerals Enterprise Singapore Equinor US Eramet Eriez Magnetics ESK Consulting FloSolutions FLSmidth FRIEM Frontier Lithium Galan Lithium Galaxy Lithium Galaxy Resources GHD Global Lithium Government of Argentina Government of Chile Grupo Errazuriz Limited Halmek Lithium HELLEMA HOLLAND ENGINEERING LIMITADA Helm AG Hosokawa Micron Powder Systems House Mountain Partners IHS Markit iLi Markets Independent Consultant Industrial Minerals Infinity Lithium Corporation Limited Integra Natural Resources Inversiones Benjamin Investing News Network ioneer Ltd Japan Oil, Gas and Metals National Corporation (JOGMEC) JCI USA Inc JordProxa K.R. Komarek KBR Ecoplanning KBR Technology Keliber OY KH Neochem Americas Knight Piesold Argentina Consulting Kowa Company Ltd Lake Resources NL Lansdowne Partners LarrainVial Lepidico Ltd Leverton Lithium Liberty One Lithium Li-Cycle Corp LiEP Energy Ltd Lilac Solutions Lithium Chile Lithium Power International Ltd Lithium-ion Rocks LMC Automotive London Metal Exchange LRC Lsc Lithium Lux Research M3 Ingeniería Chile Mangrove Water Technologies McKinsey & Company Inc. do Brasil Consultoria LTDA McKinsey& Company Millennial Lithium Minera Exar Ministry of Mining Chile Minmetals Securities MITSUBISHI CHILE Mitsubishi Corporation Mitsui & Co (Australia) Ltd MITSUI & CO LIMITED Mitsui & Co. (Brasil) S.A. Molymet Moneda Asset Management Montgomery & Associates Consultores Limitada Morgan Stanley Moselle Technologies MSB Nano One Materials Corp NCCP PJSC Nemaska Lithium Inc NeoLithium Neometals NM MultiMat, Universidad Austral de Chile Orion Resource Partners Orocobre Outotec Chile Outotec Finland Outotec OxyChile Pacific Northwest National Laboratory Panasonic Corporation Panorama Minero Pilbara Minerals Limited Pluspetrol PMSL Polimin Posco POSCO Argentina POSCO Research Institute Process Systems Enterprise Providence College Pulead Technology Industry Remsa Reuters News Revista Minería Chilena Rho Motion Rio Tinto RIO TINTO EXPLORATION RK Equity Rock Tech Lithium Roskill Information Services SailingStone Capital Savannah Resources Plc SCB Brokers SA Schott AG SCOTT EQUIPMENT CO Senda Cordillerana Consulting Inc. Sentient Equity partners SGS Canada Inc. Sichuan Calciner Technology Siebtechnik Tema BV Sigma Lithium Resources Inc. SignumBox SIMCO Lithium Societe Generale Sojitz Corporation Solvay SOLVAY SA South Pacific SQM SRK Consulting (U.S.), Inc. Stormcrow Capital STT Enviro Corp Sturtevant - Komarek Sturtevant Inc. SUEZ GROUPE Sumitomo Corporation Chile Ltda Swenson Technology, Inc. Technip
Older TRU Group Inc Lithium Related Press Releases:
Lithium Industry Chaos Troubling as Lithium Prices Turn Unreal. TRU says most Lithium Space Players at fault!
TRU Group Inc release May 29, 2017 – Lithium engineering consultants TRU says lithium player “talking-up” prices have distorted the global says lithium space needs a major recharge! - There has been a significant lithium price uptick through the last year due to the Tesla hype, lithium junior failures and the effects of the lithium big-three oligopolistic strategies. “However, the effects are temporary and the lithium-players' recent success in the rampant talking-up of lithium prices to an unreal $10,200 per t-carb FOB Chile five months 2017 average will not work longer term as the fundamentals dictate otherwise”, says TRU! T Cont .
Predictably: Lithium Prices Plateau, Mining Juniors Falter and Investors the Losers!
TRU says lithium space needs a major recharge! TRU Group Inc, release November 3, 2014 - Lithium engineering consultants TRU says that lithium prices in 2014 have performed close to our prediction of five years ago. TRU president Edward Anderson says “Latest Chile monthly export data shows lithium carbonate prices lower by 2.3% for the year at US$4,600 per t". Prices are kept in check by new supply from pipeline projects and plant expansions by the big-three low-cost lithium producers. Cont .
TRU lithium price outlook update – monthly data confirms TRU forecasts!
TRU Group Inc, release September 10, 2013 - Lithium consultants TRU says latest monthly data supports our long standing lithium price forecast. No modification is required. TRU president Edward Anderson says “Lithium prices have developed as earlier projected with lithium carbonate up only 4% over 2012 for an estimated average of $4,700 per t in 2013. This price level is the new norm and the price premium on battery over technical grade is narrowing as predicted.”
TRU Group Inc advises that the Dr Ihor A Kunasz paper recommending vital modifications to the 2012 CIM Lithium NI 43-101 Best Practice Guideline was published October 2013 in the Mining Engineering Magazine of the Society for Mining, Metallurgy & Exploration SME in the United States. Kunasz received the 2013-14 SME Robert M Dreyer Award for his lithium work february 2014.
"TRU lithium 2020 outlook robust – Dreamliner battery overheating a wider challenge?"
TRU Group Inc, release summary January 21, 2013 - Lithium consultants TRU says that its lithium supply-demand outlook through 2020 is proving exceptionally robust. No fundamental modification to our January 2011 forecast is required. However, risk in the outlook has been heightened by the grounding of the Boeing 787 Dreamliner – an aircraft that uses li-ion batteries and lithium metal alloy. Battery and alloy use are drivers of market growth. TRU president Edward Anderson says “the cause of the battery overheating is unclear but there may be lessons to be learned on the wider commercial readiness of lithium battery system technology”. Lithium prices have developed as earlier predicted averaging US$4,400 per t Li-carbonate in 2012 only slightly higher than the previous year. TRU president Edward Anderson says “this price level could be the new norm for lithium carbonate: In addition the price premium on battery over technical grade will soon disappear.”
TRU advises that the Kunasz paper recommending vital required fundamental amendments to the CIM Lithium NI 43-101 Best Practice Guideline is uploaded for the IM Lithium Supply & Markets Conference Jan 29, 2013 Las Vegas NV USA. II Download full TRU release II Dr Ihor A Kunasz Ph.D. (Geology) is not Presenting -
BRINES RESOURCES AND RESERVES - Analysis of and Practical Recommendations for CIM’s Publication 'Best Practices for Resource and Reserve Estimation for Lithium Brines':
"New CIM NI 43-101 lithium reserve estimation guideline falls short - TRU will propose best practice corrections at the lithium conference in Las Vegas"
TRU Group Inc, Tucson AZ and Toronto ON November 26, 2012 - Lithium consultants TRU Group Inc says that the “Best Practice Guidelines” for Lithium Brine reserve estimation are deficient and could lead to substantial overestimation of lithium resources, if applied. The guidelines recommend a manner for estimating brine resources and reserves that would include both potential brine producing aquifers with extractable lithium along with associated low permeability sediments, which may contain brine that is not extractable by economic means. Such sediments should be excluded from any resource estimate. The “CIM Best Practice Guidelines for Resource and Reserve Estimation for Lithium Brines” was published November 1, 2012. The CIM guideline applies to NI 43-101 reporting on lithium projects. Ihor Kunasz Ph.D. (Geology) is well known as the geologist who developed the original reserve model for the very first lithium brine deposit at Silver Peak, NV and defined the lithium resources for the Salar de Atacama deposit from whence sixty per cent of the world’s lithium is currently produced. He developed the original resource & production feasibility study for the Chemetall-SCL-CORFO (Chilean Development Corp) JV. "New CIM NI 43-101 lithium reserve estimation guideline falls short"
Lithium Demand Recovers but Lithium Prices Stagnate year-end 2011
TRU Group Inc, Toronto ON, Tucson AZ, January 17, 2012 - Lithium consultants TRU Group Inc says its lithium price forecast 2011 has been affirmed. On reviewing price trends TRU found that prices stagnated 2011 despite reasonable growth in global demand for lithium chemicals. In its January 2011 presentation president Edward R Anderson had said "Lithium carbonate prices came down to below $4500 per t in 2010 and in our forecast will remain around this level for some time". In fact the new data shows that the average price of lithium carbonate for 2011 was unchanged over 2010 at US$4,300 t and there was little sign of upward pressure entering 2012. Download full press statement
Basic lithium chemical prices are being kept in check mainly by over-supply – a situation which TRU says will be exacerbated through 2020 as a number of new pipeline projects come on stream and the existing dominating low cost South American producers SQM, FMC and Rockwood (Chemetall-SCL) expand. Mr Anderson said: "It is pretty difficult for any producer, large or small, to increase prices in the current or projected environment. Customers are clearly resisting price increases now and will likely continue to do so. Those producers attempting to raise prices risk losing customers to competitors". Now in January 2012 there is stronger evidence than ever that the lithium industry will experience stable prices long term.
"Lithium Pipeline Projects cannot beat the Existing Lithium Chemical Big Three"
TRU Group Inc, Tucson and Toronto January 17, 2011 -"Lithium Pipeline Projects cannot beat the Existing Lithium Chemical Big Three." Lithium consultants TRU Group Inc says that its updated lithium supply-demand forecast 2020 slideshow has been uploaded to its website trugroup.com. The outlook is shocking. The seemingly unstoppable supply growth will cause such huge overcapacity that the stability of the industry will be threatened. Pipeline projects and expansions could increase capacity by about 40,000 tpy Li-contained in the next decade – double what the industry needs. Existing lithium chemical producers have the in-ground resources and ability to meet nearly all market requirements by expanding capacity. On the lithium chemicals demand side there has been some recovery in 2010 from recent dramatic declines. Demand and prices will continue weak this year. TRU president Edward R Anderson will tell the IM Toronto 3rd Lithium Supply & Markets conference: "Lithium carbonate prices fell precipitately to $4500 per t in 2010 and will remain depressed. Long term there is no market-driven upward-price pressure so prices will remain stable and likely below $5000 per t". Lower prices and fierce competition through 2020 is bad news for the lithium new project promoters who will find it impossible to compete against the distinctive natural cost advantage of brine-based producers Chemetall-SCL, FMC and SQM. "Only a select few new projects could make it into profitable production and then only as marginal suppliers. Bottom line is if you do have a good resource make sure you also have the strongest possible lithium technical capability to develop it".
TRU's veteran lithium geologist Dr Ihor I. Kunasz, Ph.D. (Geol), P.Geol., is also presenting. He will explain the technical reasons as to why existing producers have a natural advantage. Ihor Kunasz says: "It's simple, the existing players have three times the lithium concentration and also reserves that dwarf any of the new players. In addition SQM by far the world's largest lithium supplier has for many years re-injected excess lithium produced into the Salar de Atacama adding to the lithium resource of the salar". Kunasz is well known as the geologist who developed the original reserve model at Atacama from whence 60% of the world's lithium is currently produced. He signed the original feasibility study for development of Salar Atacama Intimately involved in negotiating the feasibility document with Chilean governmental agencies.
TRU Group Inc, November 5, 2010 – TRU is to present a Lithium Industry Market Balance Update and Technical Paper at Toronto 2011 Conference. "Shocking Future Battering the Lithium Industry through 2020". Lithium consultants TRU Group Inc says that its updated lithium outlook for presentation for the IM Lithium Supply & Markets Conference Toronto 2011 will confirm that the industry suffered severely in the 2009-2010 recession with global demand falling in double-digit percentage terms, pushing prices lower too. Little in the long term, including new use from electric vehicles batteries, will counter the overall lower lithium chemical demand that is now expected. New production capacity coming on stream in the next five years plus advanced pipeline projects that will start-up later will exacerbate imbalance and threaten the stability of the industry. The combined structural effect of a downward shift in demand and idle excess capacity will be felt long term. "Competition through 2020 will be increasingly fierce making it virtually impossible for aspiring lithium businesses to ever turn a profit. Millions of dollars invested in these companies will be lost by unsuspecting investors" said TRU president Edward R Anderson. "Most troubling is that the stock market regulators in the United States and Canada have failed to take appropriate action to protect investors from predictable losses. The widespread misuse of the 43-101 reporting system and the authorship of these reports by so called "Qualified Persons" who are far from it, is worrisome! See TRU Lithium Investing and Misleading Documents
TRU's Dr Ihor I. Kunasz will be explaining some of the technical reasons for the industry's general naïveté. He is well known as the geologist who developed the reserve model at Salar de Atacama from whence sixty per cent of the world's lithium is currently produced. He also did this assessment for Silver Peak, NV and analyzed most of the competitive brine deposits in the world as Chief Geologist for Foote Mineral Company (now Metallic Foote Corporation). Since joining TRU he has reviewed the resources of most salars in the world that are of any merit. The title of his presentation will be "Lithium Brines – Extraction Technology vs. Pegmatite Mining"
TRU Group Inc, November 9, 2009 - Lithium chemical demand has been hit hard through third quarter 2009 and we envisage a full year decline exceeding 12% over 2008 and weakening lithium chemical prices. Lithium consultants TRU Group Inc says that there is no need therefore to update its well publicized January 2009 long range lithium outlook 2020 presented at the IM lithium conference. The next six months will be critical but a recovery is likely soon. The TRU distinctive forecast of lithium use in electric vehicles and lithium use in alloy is also proving correct. The TRU view that global lithium oversupply will persist at minimum through 2013 is affirmed. Output of lithium chemicals through expansion by existing brine-based producers - SQM, FMC, Chemetall and CITIC – and new development projects in the pipeline will assure sufficient lithium supply long range. Additional new medium range production will originate from mineral-based producers in China particularly and likely the Rincon Lithium (salar) of Argentina. We expect at least one new competitive brine producer to be in production within ten years.
Lithium Chemicals Price Trend: Dominating lithium producer SQM in September 2009 announced 20% price reductions. Lithium prices have been stagnant through 2009: Given market conditions falling prices were expected but they were superficially bolstered by the steep fall in the US dollar against lithium producer and user currencies. TRU president Edward R Anderson says "the SQM price reduction was a necessary correction and consistent with the TRU lithium over-supply scenario. Indeed, there is little prospect for price volatility even long range. Prevailing lithium carbonate contract transaction prices are much lower than stated by most new project promoters and several (misinformed) analysts. Any new producer must be prepared to meet these lower large volume prices. TRU projects an orderly and balanced development of the lithium industry through the 2020 horizon and this translates to price stability."
TRU Group Inc, January 22, 2009 - Lithium consultants TRU Group Inc says that its updated lithium outlook for presentation Tuesday at the IM Lithium Supply & Markets Conference Santiago 2009 will conclude that the industry is not immune from the global recession and will be pushed into oversupply this year through 2013. Global use of lithium will decline sharply by at least 6% in 2009 and demand is unlikely to bounce back any time soon as consumers put off buying laptops or cell phones containing lithium batteries. This is bad news for an industry accustomed to strong sustained growth over many years. TRU president Edward Anderson commented that "an outlook presentation of this type is very unusual for us because all of our work is client confidential. However, Mitsubishi Corporation who commissioned the original analysis has authorized TRU to release some of the material". The techno-economic analysis and supply-demand forecast is a major in-depth assignment conducted by the TRU Lithium Team made up of the world's top technical experts on lithium production and extraction on the supply side, as well as our specialized industry analysts on the demand side. Impacts of recent advances in lithium extraction technology (for example, in selective ion adsorption, electro dialysis, and filtration) are considered.
It is likely now that some expansions and new projects will be delayed or canceled until market conditions improve. The long range however remains bright because new and large uses for lithium will start having a major impact on demand within the five year horizon: Lithium use in electric vehicle batteries and lithium alloys for aircraft. TRU forecasts that demand will be strong and sustained in these two segments over the long term 2020. The industry does need at least one of the announced pipeline production projects to come into production and also could do with another new project as the market tightens around 2015-2017. New lithium producers still will need to be cost competitive with existing salt lake brine based producers in South America and China. Emerging technology may make some of the undeveloped medium sized (brine) lithium resources quite attractive. Certainly the industry through expansion and development of new resources will have no problem meeting demand.
TRU Group Inc based in Toronto, Canada and Tucson, USA are industrial management and engineering consultants with a strong capability in lithium project development. The firm is a world leader in resource evaluation, salar exploitation, brine & mineral lithium extraction and processing technologies - those in use, prospective, and leading edge. TRU Lithium Team has evaluated and modeled most of the known existing lithium properties and advised a number of players on a wide variety of lithium resource, engineering, process, business and investment issues.Past IM Industrial Minerals Lithium Conferences conferences:
• 2009, Toronto, 2010, supply, demand, 2010, 2011, 2012, 2013, 2014, 2015, 2016 IM Lithium Supply & Markets. Awaiting 8th IM Lithium Supply & Markets conference Las Vegas 2014 • 5th IM Lithium Supply & Markets Conference 2013 Las Vegas, NV, USA • 4th IM Lithium Supply & Markets Conference Buenos Aires, Argentina 2012 • 3rd IM Lithium Supply & Markets Conference Toronto 2011 • 2nd IM Lithium Supply & Markets September 2010 Asia Conference Seoul, South Korea • 1st IM Lithium Supply & Markets Conference Santiago 2009 I Lithium conferences, lithium news, lithium data, lithium statistics, lithium future, lithium forecast, TRU Group Inc,
Conference attendees 2015: Aberdeen International lAGC Engineering Co Ltd • Anzaplan lAsahi Kasei Corporation lAsia Lithium Corporation Beijing Chilith New Sources Co Ltd lBeijing Easpring Co Ltd • Beijing HRM International Commercial & Exhibition •Bora Bora Resources • Chengdu Chemphys Chemical Industry • China Energy Lithium • Chongqing Kunyu Lithium • Clariden Capital • CORFO lDRA • Eramet • FMC • FMC Corporation • FMC Lithium • Ganfeng Lithium Co Ltd • General Lithium • Honjo Chemical Corporation • Industrial Minerals • Japan Oil, Gas and Metals National Corporation • Johnson Matthey BM Ltd V • Kowa Company Ltd • Leverton Lithium Chemicals • LMC Auto lMinerals Resources Limited • Minmetals Salt Lake Co Ltd • Mitsui & Co., Ltd. lNemaska Lithium Inc lNeogen Chemicals Ltd lNeometals Ltd. lOrocobre Limited lPanasonic Procurement (Shanghai) Co., Ltd • Pilbara Minerals Ltd • POSCO Europe • POSCO Research Institute • Qingdao QianYun High-Tech New Material Co Ltd • Qinghai CITIC Guoan Sci & Tech Co Ltd • Qinghai Institute of Salt Lakes • Chinese Academy of Sciences lRare Earth Minerals PLC • Rockwood Lithium (Shanghai) Co.,Ltd. • Roskill Information Services • Saft • Saft Batteries • Schott AG • Shanghai Metaldeposit Int'l Trade • Shanghai ZDAN International • Sichuan Guorun New Materials • SQM Beijing Commercial Co • SQM Europe NV • Talison Lithium Limited • Tenova Bateman Technologies • The Bangchak Petroleum Public Company • Tianqi Lithium • Tibet Urban Development Investment • Toyota Tsusho Corporation • Umicore Rechargeable Battery Materials • US Geological Survey (USGS) • Veolia Water Solutions & Technologies