Lithium is crucial to much of the modern world and, in particular, industries and technologies related to sustainable energy. Lithium is another key element in the infrastructure and technology of the world of tomorrow. With a range of target markets covering everything from personal electronics to transportation, to large-scale energy storage and distribution projects, lithium is a key asset with almost limitless usage scenarios.
Based on the assumption that EVs will make up around 40% of new passenger car sales by 2030, Wood Mackenzie predicts that nearly 800 kt LCE of additional lithium would need to come online in the next five years to meet future demand (Mackenzie).
“There is no doubt that regardless of how well Tesla’s vehicles continue to sell, raw material availability will be the primary slowing factor on the company scaling”. – BMI, Moores