Lithium supply is set to triple by 2025. Will it be enough?

Licomat26 Sep, 2022Technology

Lithium prices plummeted in 2019, as the market tipped into oversupply and EV growth slowed. Production of the lithium-ion battery metal is set to almost triple by 2025 to over 1.5 million metric tons, but there are concerns that a decline in upstream investment could flip the market into undersupply further out. Lithium recovery is important as it is an integral component of batteries for electric vehicles and even during lithium-ion battery recycling. As EV purchases have sky-rocketed ? over 2 million vehicles were sold in 2018, so has the need for eco-friendly battery recycling, in turn, fueling lithium-ion battery demand.