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Global Lithium Production Forecast to Reach 1.21 Million Tons LCE in 2023, US Lithium Producer ALB Leads with a 17% Market Share, Says TrendForce

14 September 2023

Australian mining company, Liontown Resources Ltd., has just announced it’s agreed to a buyout proposal of AUD 6.6 billion (USD 4.3 billion) by US lithium producer Albemarle Corp (ALB). TrendForce’s latest “2023 Global Li-Ion Battery Industry Chain Market Supply and Demand Report,” indicates that global lithium production in 2022 hit approximately 860,000 tons of Lithium Carbonate Equivalent (LCE). ALB, with its diverse lithium portfolio (spodumene, lithium salt, and tolling), accounted for over 180,000 tons of LCE. Predictions for 2023 spotlight a global lithium production reaching 1.21 million tons LCE, and ALB is set to churn out 200,000 tons of that, holding firmly onto the lead with its 17% market share.

TrendForce: Global Li-ion Battery Industry Chain Market Supply and Demand Report in 2023

14 September 2023

Global Li-ion Battery Industry Chain Market Supply and Demand Report in 2023

Foldable Smartphone Market Penetration Estimated at 1.6% in 2023, with Potential to Exceed 5% by 2027, Says TrendForce

13 September 2023

TrendForce’s latest insights reveal that by 2023, shipments of foldable smartphones could skyrocket to an impressive 18.3 million units, marking a 43% YoY surge. However, this only captures a slim 1.6% of the year’s total smartphone market.

Q2 NAND Flash Revenue Up 7.4%, Anticipated to Exceed 3% Growth in Q3, Says TrendForce

12 September 2023

TrendForce’s latest research paints a vivid picture: Q2 saw the NAND Flash market still grappling with lackluster demand and being significantly outpaced by supply. The ASP of NAND Flash also took a hit, tumbling 10–15%. Nevertheless, there was a silver lining as bit shipments grew by 19.9% QoQ from a low baseline in 1Q23. To sum up, the Q2 landscape of the NAND Flash sector witnessed a 7.4% QoQ growth in revenue, reaching US$9.338 billion.

NAND Flash Prices Expected to Stabilize and Rebound in Q4, Projected to Remain Steady or Increase 0-5%, Says TrendForce

11 September 2023

According to TrendForce's research, other suppliers are also expected to follow suit and increase their production cutbacks in the fourth quarter to accelerate inventory reduction. With this maneuver in play, Q4 NAND Flash average prices are projected to either hold firm or witness a mild surge, possibly in the ballpark of 0~5%.

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