Australia’s lithium export earnings are forecast to increase from over $4.8 billion in 2024–25 to over $6.8 billion in 2026–27, driven by growth in lithium export volumes and prices.

Global lithium demand is forecast to grow by almost 15% a year to 2027. Increased EV adoption and battery energy storage system (BESS) deployment are expected to drive this growth. Supply is expected to grow at over 13% a year.

The current oversupply in the global lithium market is not expected to diminish noticeably over the outlook period. Strong demand will not be able to absorb excess supply in the short term despite production curtailments and delays in new mines’ commencements.

(source: https://www.industry.gov.au/publications/resources-and-energy-quarterly-december-2025)