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'Everything has been accelerated' - Fastmarkets' Raju Daswani on the lithium sector

Kitco Media
By Michael McCrae
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(Kitco News) - The lithium sector has a lot of support converging at the same time, said Raju Daswani, CEO of Fastmarkets.

On June 21, 2023, Daswani spoke to Kitco at the 15th Lithium Supply and Battery Raw Materials 2023 in Henderson, Nevada.

The lithium market has been on tear since the start of the decade. According to analysis by Fastmarkets, the lithium market is expected to remain mostly in deficit until 2026 due to strong demand for lithium-ion batteries from EVs and increasingly energy storage systems.

Daswani said that a lot is going right for the battery metal sector right now.

"[The lithium sector] has so many tailwinds behind it right now, so we're in a good place," said Daswani. "Everything has been accelerated by what's happening out there in the world: the huge focus on climate change, all the drivers that have been put in place by governments and regulation targets around electric vehicles."

Coverage of 15th Lithium Supply and Battery Raw Materials 2023 sponsored by Lindian Resources (ASX:LIN).

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Kitco Media

Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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