investment bank analytical

Canaccord Genuity projects that the lithium market will remain in deficit from 2026 through 2035 as EV and grid-storage demand growth persistently outpaces the pace of new supply project development; pushes back sharply on the 2024-2025 oversupply narrative, arguing it was driven by Chinese inventory destocking rather than a structural surplus.

“Lithium market to enter deficit until 2035, says Canaccord, pushing back on the oversupply narrative.”