Lithium Prices Could Triple As EV Production Soars ...Middle East

OILPRICE - Economy
Lithium Prices Could Triple As EV Production Soars
source : OILPRICE ( Middle East ) () 25
The global market share of electric vehicles is set to rise so quickly that battery manufacturers will not be able to meet production requirements, a Rystad Energy analysis shows. The reason is that the mining capacity of lithium – a key ingredient in EV-purposed batteries – will fall short of demand unless investments in new mines accelerate. Under the current pipeline, capacity deficits could triple lithium prices towards the end of this decade. While today’s lithium mining capacity can comfortably satisfy demand from the electric…

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