According to Chile's state copper agency Cochilco on Thursday, the world's third-largest lithium producer will produce approximately 325,000 tons of lithium carbonate equivalent (LCE) in 2026, up from the 305,000 tons forecast a year ago. Output is expected to reach 335,000 tons in 2027.

Global lithium demand growth is forecast to slow sharply to 8 percent in 2027, when consumption will reach 2.25 million tons. Cochilco projects the market will return to an oversupply of 42,000 tons in 2027 as new supply enters the market and growth moderates.

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