Banter and general comments, page-6471

The climate economy needs a lot more lithium

Australia, China, and Chile are the world’s top lithium-producing countries, and S&P projects that global supply in 2022 will be 55% higher than in 2020. But according to the International Energy Agency, lithium demand will need to grow 40-fold by 2040 to meet the demands of an economy that will be more dependent on batteries than it is today, both for EVs and for utility-scale energy storage. That supply can likely be met by existing global reserves, and investors in China and elsewhere are plowing billions into new lithium mines.