The structure of the global lithium market as the main element in energy storage

O.A. Sinyugin 1, M.Yu. Berezkin 2, K.S. Degtyarev 3

Lomonosov Moscow State University, Faculty of Geography, Moscow, Russia

E-mail: 1, 2, 3

Abstract. The paper discusses recently emerged trend of Chinese domination in the global lithium market. In order to determine the market structure, we have aggregated lithium production data and setup the corporate outlook. Establishing cartel arrangement drives lithium prices up. Transport became the leading driver in lithium market development. It is a determinant for lithium applications in foreseeable future.

Keywords: Lithium, China, energy accumulation