New study claims lithium demand could soar more than 1,500% by 2050
By Colin Hay - May 9, 2024
While lithium prices are currently down from where they were in 2022, a number of experts are forecasting dramatic increases in demand for this critical battery metal.
Using data obtained from the International Energy Agency (IEA), the UN Trade & Development (UNCTAD) projects that lithium demand could rise by more than 1,500% between now and 2050.
UNCTAD says to achieve global 2030 net-zero emission targets, the lithium mining industry will need 70 new mines.
Ann: Investor Presentation, page-43
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