The World Is Facing A Lithium Supply Crunch As Demand Soars ...Middle East

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The World Is Facing A Lithium Supply Crunch As Demand Soars
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In just one year, the world’s largest lithium producers turned from cautiously optimistic about prices and very careful about expansion projects to decisively bullish on near, medium, and long-term demand for the key battery metal. The pandemic prompted many governments to commit to greener recovery and to raising significantly the share of renewable energy and electric vehicles (EVs), stoking demand for critical minerals this year. Lithium, alongside copper, has seen prices rising since automakers started pledging all-EV lineups and exponential…

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