S&P Global Mobility Forecasts Persistent Oversupply in Cathode Material Market Through 2030

S&P Global Mobility's latest forecast highlights a significant mismatch in the EV supply chain, projecting that while global demand for cathode active materials (CAM) will surge at an 18% CAGR through 2030, capacity expansion growing at a slower 11.5% CAGR will not resolve the existing massive oversupply.

• Utilization rates are expected to remain low, between 35% and 45%, which will keep oversupply and price pressure in place across the battery supply chain.
• The S&P Global Daily Update also included insights on AI adoption and geopolitical fragmentation discussed at the World Economic Forum.