maybe as the premier producer in lithium, it has catching up to do, especially if you'll click on the 1, 2, and 5 year chart.
The significant increase in revenues from sales of lithium during the first quarter of 2016 was the result of both higher
prices and higher sales volumes. Average prices for this business line increased close to 30% compared to the first
quarter of 2015.
We continue to see very strong demand in the lithium market, primarily driven by batteries, and we estimate that global
demand growth for this year could exceed 10% compared to 2015. In an effort to satisfy this robust lithium demand,
we expect our sales volumes for the full year 2016 to be close to 20% higher than 2015 sales volumes. In the first
quarter of 2016, our sales volumes were approximately 26% higher compared to the first quarter of 2015. We expect
to see additional supply from other producers in Argentina and Australia this year, in addition to our own higher sales