Water demand is inelastic. It's a requirement regardless of price. Similarly surging demand for EVs and the inelastic nature of lithium supply are the drivers behind the increase in lithium prices. If supply does not meet demand (deficits) then lithium pricing will remain high. If we are to achieve net zero by 2050 then supply needs to ramp up so as we know it today lithium is as critical as water
Water demand is inelastic. It's a requirement regardless of...
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