Lithium Supply Could Put the Brakes on Net Zero

June 19, 2022, By fierce,

There’s just not enough lithium to meet growing demand.

In fact, if the world can’t fix the supply-demand gaps for lithium, it’s tough to imagine any net zero transitions.

According to the CEO of the International Council of Metals and Mineral Mining, Rohitesh Dhawan, as noted by Sky News, “We can see quite a large mismatch between demand and supply. We currently produce around 400,000 tonnes of lithium annually. By 2030, that’s likely to (need to) jump to around two million tonnes,” adding, “At the moment about half of global lithium demand comes from the electric vehicle market… by 2030, 80% of global lithium demand will come from the electric vehicle market because we need to electrify our transport fleet that quickly.”

Until we have enough lithium supply to meet explosive demand, prices are likely to accelerate higher, and send related lithium stocks to higher highs, including E3 Metals Corp. (TSXV: ETMC) (OTC: EEMMF), Albemarle Corporation (NYSE: ALB), Lithium Americas (NYSE: LAC) (TSX: LAC), American Lithium Corp. (TSXV: LI) (OTC: LIACF), Piedmont Lithium (NASDAQ: PLL)

Leave a Reply

Your email address will not be published.