Extract from an article I just read:
Can We Meet Tomorrow’s Lithium Demand?Lithium is one of the world’s most critical natural resources and is central to our push toward sustainable energy.
In this graphic, , we ask that with over350 million EVsexpected to be sold globally by 2030, can we meet tomorrow’s lithium demand?
Addressing Tomorrow’s Lithium Problem
The lithium that powers EV batteries is refined from compounds found in multicolored pools of salt-brine or hard rock, and quantities are measured in terms of lithium carbonate equivalent (LCE).
So, to power the vast quantity of EVs being produced worldwide, a consistent and reliable supply of lithium is required. However, with forecasted annual demand growth of up to 20% by 2030, the currentsupply of lithiumwill not be sufficient to meet the demand, andnearly doublethe amount will be required.
Year Global LCE Supply (tons) Global LCE Demand (tons) 2022 750,000 720,000 2030 1,640,000 3,060,000
Banter and general comments, page-35948
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