The lithium ion battery industry is braced for a demand decline of 15-25% in 2020 following the evaporation of electric vehicle (EV) demand in the last month due to the coronavirus / COVID-19 pandemic.
Benchmark Mineral Intelligence can confirm that Tier 1 cell producers in Asia are preparing for a minimum decrease in shipments of 15% in 2020 as producers adjust their medium term business plans to the fluid situation that has the potential to change on a weekly basis.
Should this global economic shutdown continue beyond June, the data Benchmark is collecting is pointing . . .