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China’s Lithium Carbonate Demand Forecast 2025-2035
Minggui ZHENG 1 , 2( ), Ming YU 1( ), Qiurong FAN 1, Yuhua LIN 1
Advances in Earth Science 2023, 38 (4): 377- 387.
Introduction

The inconsistency between the supply and demand of lithium carbonate is becoming increasingly serious. Scientific prediction of the future lithium carbonate demand is of great significance for China’s lithium resource production, import and export arrangements, and national energy policy formulation. Based on a combined model of grey correlation analysis and the ARIMA-GM-BP neural network, data on the driving variables of China’s per capita GDP, industrial structure, urbanization level, grease production, ceramic production, glass production, air conditioning production, lithium-ion battery production, and new energy vehicle production in 2002-2021 were selected to predict China’s lithium carbonate resource demand between 2025 and 2035. The results show that the selected driving variables are highly correlated with China's lithium carbonate resource demand, and the combined model is more accurate than a single model. The predicted average quantity demand for lithium carbonate in 2025, 2030, and 2035 is 0.42 million tons, 0.69 million tons, and 1.03 million tons, respectively. Accordingly, some policy suggestions have been proposed.

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