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Lithium is a key battery metal, essential for the production of EV batteries and is playing an important role in the world’s transition to a carbon-free world.

Lithium for an electric future

Increases in battery demand for EVs will be a strong driver of lithium consumption in the next decade. Global EV penetration is expected to reach around 21 percent by 2025.

By 2030, the global consumption of lithium is expected to surpass two million metric tonnes of lithium carbonate equivalent, more than doubling the demand forecast for 2025.

Source: Benchmark Mineral Intelligence

Demand for lithium is projected to increase sixfold to 500 kilotonnes by 2030.”

Global Supply Chains for EV Batteries, IEA.

Bullish lithium prices

Source: Benchmark Mineral Intelligence

Lithium-ion battery manufacturers and EV production in North America