Lithium demand. lithium market size was valued at USD 1.

Lithium demand In 2026, global lithium carbonate demand is expected to grow by 30%, gradually balancing supply and demand; if growth reaches 40%, it may lead to further price increases for lithium carbonate. Jul 22, 2021 · To read our most recent insights into lithium supply and demand in 2023 and beyond, take a look at our lithium market outlook. 86 billion in 2024 and is projected to hit around USD 31. Modelling now shows the likely number of new lithium deposit openings required by 2050 if the demand for 4 days ago · SQM shares rose to two-year highs after reporting the strongest quarterly earnings in two years on record sales volume, while forecasting up to a 25% surge in lithium demand this year. Oct 24, 2024 · A study released this week by the USGS finds the Smackover formation in Southern Arkansas may contain 9 times the estimated global demand for lithium through 2030. 2 Currently, the lithium market is 6 days ago · Sigma Lithium stock soars as Ganfeng forecasts lithium prices could double in 2026. Nov 17, 2025 · China's lithium price surged on Monday after the chairman of major Chinese producer Ganfeng Lithium Group Co forecast demand growth of 30% or even 40% for the battery metal in 2026. Nov 19, 2024 · Explore the crucial role of lithium in EV battery components and the supply-demand dynamics in EV market Global lithium demand has risen 10x from 2010 to 240kTpa in 2024, continuing to 400kTpa in 2030, and 1. Aug 18, 2025 · Lithium demand in 2025 is expanding under the combined weight of EV growth, surging energy storage deployment, and sustained policy support. Apr 17, 2024 · The surge in lithium prices can be attributed to the rapid growth of the EV industry, as well as the demand for lithium-ion batteries in electronic devices and energy storage technologies. The demand for EVs, battery storage, and renewable energy continues to rise, ensuring strong fundamentals for lithium producers and investors. Nov 5, 2025 · Read more about Fastmarkets NewGen Lithium Long-term Forecast with a 10-year outlook and price forecasts for lithium, demand forecasts for electric vehicle and ESS markets and supply/demand balances for the lithium market. Jun 27, 2025 · The Global Lithium-ion Battery Market size is projected to be valued at USD 60. Tom Moerenhout An increased supply of lithium will be needed to meet future expected demand growth for lithium-ion batteries for transportation and energy storage. On the Questions tab of the subscriber preferences page, select "Lithium" and any other options in which you may be interested. lithium market size was valued at USD 1. Oct 22, 2025 · Volatility punctuated the global lithium market during the third quarter of 2025, with prices, supply/demand dynamics and geopolitics converging to reshape the landscape. Record lithium prices have been driven by strong demand from the electric vehicle market. This "lithium boom" brings with it great opportunities and serious challenges for businesses, governments, and investors alike. 5 million tonnes of lithium carbonate equivalent (LCE) by 2025 and over 3 million tonnes by 2030. This growth continues to be driven by the spread of battery technologies, primarily in the segment of electric vehicles and energy storage systems. We look at why Australia has a unique opportunity to make the most of its mines and refineries. 9% CAGR during the forecast period (2025-2031). 1. Feb 6, 2025 · Our latest long-term lithium price view from an expert team The rapidly-evolving lithium market has seen a dramatic change in recent months. Click here to read an analysis of ALB stock now. 5 days ago · Lithium prices in China climbed for a third day on demand optimism, although the sharp move higher has raised concerns about the sustainability of the rally. Oversupply, weak China demand, and more fuel the slump. The surging demand for lithium and its role in powering electric vehicles (EVs), plus supply challenges, innovations, and market trends. With governments imposing stricter emissions regulations and consumers seeking eco-friendly alternatives, EV sales are soaring. Lithium mining: How new production technologies could fuel the global EV revolution Lithium is the driving force behind electric vehicles, but will supply keep pace with demand? New technologies and sources of supply can fill the gap. Demand for lithium-ion batteries from battery swapping terminals, ESS, CE, power tools, and telecoms and data are expected to add an additional 754,000 tonnes of LCE demand by 2034. May 17, 2024 · This report provides an outlook for demand and supply for key energy transition minerals including copper, lithium, nickel, cobalt, graphite and rare earth elements. Feb 19, 2025 · Many investors have no idea the huge lithium demand wave that potentially lies ahead. Here are a few companies to keep an eye on when the lithium price Nov 17, 2025 · Albemarle stock remains a buy with strong Q3 results, cost savings, and long-term lithium demand. 5 billion by 2030, growing at a CAGR of 20. On Monday, Ganfeng Lithium Group Chairman Li Liangbin forecast 30% or 40% growth in demand for the battery metal next year. What’s the balance of lithium supply and demand in 2021? In the second half of 2020, lithium demand started to rebound, prices continued to fall until late September as the market destocked, but prices fell to unsustainably low levels, which prompted Establishing a domestic supply chain for lithium-based batteries requires a national commitment to both solving breakthrough scientific challenges for new materials and developing a manufacturing base that meets the demands of the growing electric vehicle (EV) and stationary grid storage markets. May 30, 2025 · Global lithium demand could grow almost fivefold by 2040, exceeding 500,000 tons in terms of pure metal, according to a report issued by the International Energy Agency (IEA). S&P Global Market Intelligence expects a 2025 lithium price of $13,861 per tonne to stimulate lithium miners to press ahead with new projects in order to Feb 27, 2025 · The Key Drivers Behind Lithium’s Growth Several factors are propelling lithium’s dominance in global markets. The lithium supply chain faced significant disruptions in 2024. China signaled its latest support to the electric vehicle industry and lithium-rich energy storage systems with compensation mechanisms for power storage infrastructure, doubling EV charging capacity to 180 gigawatts by 2027. Feb 8, 2024 · Disseminated on behalf of Li-FT Power Ltd. Feb 6, 2025 · Navigating the tightening lithium supply in 2025 as production cuts, demand shifts, and geopolitical tensions shape the market. Jan 7, 2025 · The 2025 lithium market is projected to stabilize as supply-demand balances improve, driven by growing EV and energy storage system (ESS) demand. Access comprehensive mine-to-grid supply chain data, forecasts, and databases across batteries, EVs, and energy transition materials with Benchmark Minerals. Lithium demand rose by nearly 30%, significantly exceeding the 10% annual growth rate seen in the 2010s. With the ongoing shift to electric vehicles (EVs) and clean energy technologies, governments and EV manufacturers are rushing to secure their supply chains as demand for lithium soars. 30%. However, we emphasize that battery demand alone will not reach this target. Adding around 300,000 metric tons LCE of non-battery lithium demand means global lithium resource demand could reach the famed “1 million metric tons LCE by 2025”. Jan 12, 2022 · As 2022 begins, experts share their thoughts on the lithium outlook and which key factors to watch this year. Jan 6, 2025 · Similarly, the IEA estimated that global demand for lithium would increase 40 times house equivalent by 2040, thus further highlighting the need to understand the shifting dynamics of supply and demand for the element. 55 million mt in 2025, with supply reaching 1. The McKinsey Lithium Article forecasted that over the next decade, continued growth of Lithium ion (Li-ion) batteries at an annual compound rate of approximately 30%. But rising EV demand, new tariffs, and future shortages could stir fresh volatility in the global lithium market. So just how big is the appetite for lithium, and how much of this mineral is available to make the journey from extraction to a battery cell? Mar 17, 2025 · Share this article The global shift toward electrification and renewable energy is significantly driving the demand for lithium-ion batteries, positioning lithium carbonate as a crucial raw material. Apr 25, 2024 · In 2020, the total demand for lithium worldwide amounted to 292 thousand metric tons of lithium carbonate equivalent. Feb 3, 2025 · This report analyzes the increasing demand of lithium-ion battery in electric vehicles and energy stationary storage systems and forecasts global supply from 2023 to 2033 based on over 600 battery manufacturing facilities. This also presupposes detailed information of industrial applications of important lithium compounds as well as potential substitutes for lithium. Mar 25, 2025 · Lithium prices recover as EV demand surges. The majority of lithium is mined in South America, followed by China and Australia. The surge came after Li Liangbin, chairman of Ganfeng Lithium Group… Lithium-based batteries supply chain challenges Batteries: global demand, supply, and foresight The global demand for raw materials for batteries such as nickel, graphite and lithium is projected to increase in 2040 by 20, 19 and 14 times, respectively, compared to 2020. 44 billion by 2034 with a noteworthy CAGR of 12. Sep 16, 2024 · Stay informed about the fluctuating lithium prices in the global market. Companies and analysts project strong growth in refining, recycling and advanced battery materials through 2030. 5 days ago · China’s lithium market strengthened sharply on Monday (November 17) after Ganfeng Lithium (OTC Pink:GNENF,HKEX:1772) Chairman Li Liangbin said at a domestic industry conference that demand for Apr 17, 2024 · The surge in lithium prices can be attributed to the rapid growth of the EV industry, as well as the demand for lithium-ion batteries in electronic devices and energy storage technologies. Apr 15, 2025 · New work by a University of Alaska Fairbanks professor fills some gaps in knowledge about Earth’s resources of lithium, a critical element powering electronics and electric vehicles. Also May 21, 2024 · Lithium-rich brine dries in an evaporation pond next to mounds of salt bi-product at a lithium mine in Salar de Atacama, Chile, on August 24, 2022. SHANGHAI (Reuters) -China's lithium price surged on Monday after the chairman of major Chinese producer Ganfeng Lithium Group Co forecast demand growth of 30% or even 40% for the battery metal in The demand for lithium is expected to increase due to the growing demand for electric vehicles, renewable energy storage systems, portable electronics, and industrial applications. Read the list on Seeking Alpha. Total lithium demand by sector and scenario, 2020-2040 - Chart and data by the International Energy Agency. The entry of corporate giants like ExxonMobil and Saudi Aramco, the deglobalisation of battery supply chains, China’s growing influence, and a transformative surge in energy storage demand have introduced significant uncertainty—but also immense Mar 31, 2025 · Global lithium demand, which is expected to grow by 40 times by 2040, could outpace the limited annual rain that supplies freshwater to the arid Lithium Triangle. light-duty BEV sales could increase to around 340 thousand metric tons per annum (ktpa) of lithium carbonate equivalent (LCE). 3 days ago · Analyst sees improving momentum in lithium, fertilizer and chipmaking materials as prices stabilize and global demand strengthens. 4 days ago · Lithium Demand: SQM's profits soar as lithium prices rebound, with expectations of a 25% rise in demand for electric vehicles and energy storage systems in 2024. . 6% from 2024 to 2030. Sep 29, 2021 · Lithium is one of the most in-demand commodities in the world today. Notably, the demand for lithium in the Business-as-Usual scenario for 2030 is approximately 30% of the lithium demand in the Accelerated scenario, highlighting the potentially large variance that policy-makers will need to consider. 6 days ago · Global lithium stocks experienced a powerful rally on Monday, ignited by an optimistic demand forecast from a major industry player. Read Fastmarkets' market intelligence for lithium and access information on lithium market news, price data and forecasts. The article lists our top ten lithium stock picks at his time. John Moore via Getty Images Mar 21, 2025 · Battery energy storage systems could be the wildcard for lithium demand, as one analyst predicts an earlier than expected price bounce. Demand for one average week alone in 2024 exceeded the total demand for an entire year just a decade earlier. Prices are expected to recover from 2024 lows, with emerging production in Africa and shifts in battery chemistries influencing market dynamics. Apr 13, 2025 · Explore expert lithium price forecasts to 2028, recovery projections, and impacts on ASX producers and investors. Dec 26, 2024 · Global lithium demand to increase 26% to 1. Lithium demand has tripled since 20171 and is set to grow tenfold by 2050 under the International Energy Agency’s (IEA) Net Zero Emissions by 2050 Scenario. However, the journey to meet this demand is fraught with challenges. 6 days ago · Global lithium prices surged on Monday after a demand upgrade from China led traders to revisit near-term supply assumptions across the battery-materials market. Jan 16, 2023 · The global market for Lithium-ion batteries is expanding rapidly. Aug 25, 2022 · This chart visualizes worldwide lithium demand from 2019 to 2030, by use. Apr 30, 2025 · Explore the 2025 lithium price forecast, key market insights, and why lithium prices are set to recover amid strong EV demand and future supply constraints. Here’s why SGML shares are well-positioned to capitalize on the expected increase in lithium prices. 46m tonnes in 2025, outpacing supply growth. Discover more about SQM's Dec 10, 2024 · Lithium prices have plummeted more than 80% from their 2022 highs, leading to a selloff in lithium mining stocks. Clean energy technologies account for Feb 21, 2024 · The report finds that by 2032, annual lithium demand from increased U. In response to low prices, major lithium producers like Albemarle, Pilbara Minerals, and Liontown Resources are Nov 17, 2025 · Albemarle surges with China lithium prices surged after Li Liangbin, chairman of major Chinese producer Ganfeng Lithium, said he expects demand for the battery metal to grow by 30% in 2026. China will continue to be the major supplier of battery-grade raw materials over 2030, even though global supply of these May 29, 2025 · Powering electric vehicles hinges on the availability to extract lithium from reserves. Nov 17, 2025 · Albemarle stock remains a buy with strong Q3 results, cost savings, and long-term lithium demand. S&P Global Market Intelligence expects a 2025 lithium price of $13,861 per tonne to stimulate lithium miners to press ahead with new projects in order to Dec 28, 2024 · Lithium, driven by unstoppable demand, is headed in the obvious direction and the obvious step for any investor — especially those who lost in 2023 — is to find the best way to get in, right now. The Steep Decline in Lithium Prices The current decline in lithium prices can be primarily attributed to the slowing growth of electric vehicle Aug 8, 2025 · The global lithium market is experiencing robust growth, driven by the rapid adoption of electric vehicles (EVs), the integration of renewable energy, and the development of battery storage Jun 27, 2025 · The global lithium-ion battery market is poised for significant growth, driven by the increasing demand for automotive applications due to the low cost of lithium-ion batteries. The increase in battery demand drives the demand for critical materials. This report reviews manufacturing capacity trends through battery supply chain and covers the battery component capacity, such as cell, cathode, electrolyte, and separators Nov 17, 2025 · Lithium prices and shares in producers of the metal surged Monday after one of China’s major suppliers delivered a bullish forecast for the battery material that had been languishing in a global Aug 20, 2024 · Unveiling the complexities and potential of the global lithium market, this article analyzes the factors driving lithium demand, potential growth inhibitors, and the implications for sustainable 6 days ago · Albemarle stock led S&P 500 gainers as lithium prices surged amid booming demand for stationary battery storage, including AI data centers. Battery demand for lithium stood at around 140 kt in 2023, 85% of total lithium demand and up more than 30% compared to 2022; for cobalt, demand for batteries was up 15% at 150 kt, 70% of the total. Analysts appear skeptical about any near-term revival in lithium demand amid the Another potential driver of lithium demand is the energy storage market. Oct 22, 2025 · The global lithium market faced turbulence in Q3 2025, with prices rallying then slipping amid supply rumors and geopolitical tensions. Statistics and information on the worldwide supply of, demand for, and flow of the mineral commodity lithium Subscribe to receive an email notification when a new publication is added to this page. 2MTpa in 2050, on EVs, BESS, robotics. Global lithium demand in the Net Zero Scenario, 2023-2040 - Chart and data by the International Energy Agency. Dec 20, 2023 · An increased supply of lithium will be needed to meet future expected demand growth for lithium-ion batteries for transportation and energy storage. The current dip in the price of lithium miners presents a potential short-term opportunity, given the strong future demand and supply imbalance. Jul 1, 2025 · The global lithium market size was estimated at USD 9. Jul 23, 2025 · Global lithium demand for clean technologies amounted to ** thousand metric tons in 2023. Mar 4, 2025 · Lithium prices plunged below $10K per ton, hitting a 4-year low. " Jun 11, 2025 · With lithium forecast to recover from a period of falling prices and market saturation, Australia is poised to meet global demand. Jan 13, 2025 · The lithium market is at the center of the energy transition, driven by the soaring demand for electric vehicles (EVs). The long-term outlook for lithium remains highly favorable despite short-term market fluctuations. Source: Benchmark. The demand for lithium is projected to reach 1. In 2025, these systems are expected to account for 13% of total lithium demand, with year-on-year growth projected at 45%. The Chinese battery-grade lithium carbonate ex-works price more than quadrupled in 2021 and has risen more than 500% from its lowest level in July 2020. Read now. This article explores the future of lithium supply, demand, and price trends, highlighting critical investment needs and market dynamics. Following an extended period of oversupply that compressed prices to multi-year lows, fundamental market dynamics are rapidly evolving toward potential supply shortages that could Aug 5, 2025 · The International Energy Agency warns of potential lithium shortages as demand increases, while mining challenges and the long timeline for new production contribute to supply concerns. Oct 28, 2019 · We forecast battery demand for lithium chemicals will reach nearly 700,000 metric tons LCE by 2025. May 21, 2025 · 21 May 2025 Reports break down complex lithium demand outlook ‘One of the fastest-growing commodities of this, or any, generation’ Nov 17, 2025 · Lithium prices experience significant rally based on bullish 2026 demand projections from Ganfeng Lithium's chairman and supply constraints from delayed mine reopenings. Feb 1, 2024 · Risks for Businesses Although lithium prices remain in free fall for the time-being, the energy transition away from fossil fuels and present lack of suitable alternatives suggest that demand for lithium-powered energy sources will continue rising over the next decade as governments attempt to meet clean energy goals. U. But direct lithium extraction could be a solution to this problem. Lithium carbonate prices plunged by 22% last year due to a global supply glut. 4 days ago · Lithium demand could rise 25% this year versus 2024, Chilean producer SQM said on Wednesday, as it reported its best prices for the battery metal in two years driven by growth in electric vehicles Jan 22, 2025 · EVs predominantly rely on lithium-ion batteries for power and accounted for over 80 percent of the global lithium-ion batteries demand in 2024. Jun 26, 2025 · LAS VEGAS, June 26 (Reuters) - An ongoing slide in lithium prices even as demand for the battery metal continues to climb is a frustrating "paradox" not likely to be resolved before at least Nov 17, 2025 · The lithium demand boom in 2026 approaches a transformative inflection point as industry experts predict an extraordinary demand surge beginning in 2026. What’s next? Global lithium demand is forecast to grow more than 50 percent between 2023 and 2025, surpassing one million metric tons. Feb 7, 2025 · Lithium market is recovering in 2025, due to rising EV demand and shifting supply dynamics. 5 days ago · China’s lithium market strengthened sharply on Monday (November 17) after Ganfeng Lithium (OTC Pink:GNENF,HKEX:1772) Chairman Li Liangbin said at a domestic industry conference that demand for Mar 19, 2025 · Rapidly increasing lithium production is projected to require several million t/a of sulphuric acid in the next few years, with China, the USA and Australia the main consumers. Nov 17, 2025 · Lithium demand boom in 2026 will reshape commodity markets as EV adoption and energy storage create unprecedented use. 5 days ago · Three rare earth stocks jumped amid analyst recommendations, while lithium stocks continued to get a lift from a rising price for the battery metal. 5 days ago · "Global lithium carbonate demand is projected to reach 1. Feb 27, 2025 · Investing. We take a closer look at new value chain solutions that can help meet the growing demand. 7 million mt. Jul 31, 2024 · This might be an ideal moment to re-evaluate lithium miners given their potential to benefit as the global energy transition continues. Let’s look into why this is the case and what is the market outlook for 2024/25. Feb 17, 2023 · At least for now, lithium is in almost every EV battery, and that means demand for the metal likely isn’t going to slow any time soon. S. Growing Demand for Lithium Metal in Lithium Batteries Lithium metal is necessary for lithium-ion batteries and solid-state batteries because it is utilized in making the battery's anode or negative electrode. John Moore via Getty Images Jan 12, 2022 · As 2022 begins, experts share their thoughts on the lithium outlook and which key factors to watch this year. Despite strong EV demand, oversupply persists, keeping Jul 30, 2025 · Find up-to-date statistics and facts on the lithium industry. Supply remains concentrated and vulnerable to disruption, and the spot market’s influence on procurement decisions is rising. 06 billion in 2023 and is expected to grow at a CAGR of 12. lithium Market Size & Trends The U. Jun 30, 2025 · Lithium prices are tumbling but behind the scenes, battery manufacturers are quietly locking in supply in anticipation of a demand surge. 3 billion in 2024 and reach USD 182. com -- McKinsey’s said lithium prices appear to have bottomed, with demand growth accelerating beyond electric vehicles due to rapid expansion in stationary storage. Oct 26, 2023 · This graphic shows that demand for lithium will outstrip supply by 46%. Learn about the factors affecting the price and market trend. 3 days ago · The global lithium industry is shifting toward downstream processing as demand for EV batteries, renewable energy storage and BESS surges. focuses on domestic supply chains, recycling, and sustainability in mining. May 22, 2025 · Lithium prices have stabilized in 2025 as supply outpaces demand, for now. In this exclusive, an expert shares insights on market trends, new tech, and sustainable lithium. Grid-scale energy storage systems are expected to generate increasing demand for lithium, with lithium used for storage projected to account for 13% of global demand by 2025, representing a 45% year-over-year growth. 3% according to a new report by The Feb 7, 2025 · Figure 2: The high case for lithium demand is a strong one. Dec 20, 2024 · In recent years, the demand for lithium-ion batteries in stationary storage applications has doubled from 7% in 2020 to 15% in 2024, making it the fastest growing battery demand market. Lithium market could see modest recovery in 2025: Adams Intelligence The global Lithium market size is expected to reach $ 7252 million by 2031, rising at a market growth of 7. By Kevin Brunelli, Lilly Lee, and Dr. Demand for nickel, cobalt, graphite and rare earths increased by 6‑8% in 2024. Lithium-Battery-Manufacturer anticipates moderate volatility but a positive outlook for long-term Jan 1, 2017 · Rising lithium demand requires an extensive knowledge of raw material situation as well as the current and future lithium supply and demand. The Shift Toward Electric Vehicles The global push for cleaner transportation has been a major catalyst for lithium demand. 5 days ago · Lithium prices in recent months had cooled from record highs in 2022 as supply growth outpaced demand, pressuring margins for global producers, including SQM and US-based Albemarle. Electric cars remain the main driver of battery demand, but demand for trucks nearly doubled Battery demand in the energy sector, for both EV batteries and storage applications, reached the historical milestone of 1 TWh in 2024. Bernstein analysts predict demand will surpass capacity Jun 27, 2025 · This study integrates supply-demand analysis with trade network simulations, using eight lithium demand scenarios and two supply scenarios to examine regional lithium dynamics and the impact of international trade. In 2022, lithium demand exceeded supply (as in 2021) despite the 180% increase in production since 2017. Two Ways to Make Lithium Work for You in 2025 For me, there are two ways to play this coming market rally. To a lesser extent, battery demand growth contributes to increasing total demand for nickel, accounting for over 10% of total nickel demand. May 1, 2025 · Albemarle Corporation's Q1 2025 insights: Record lithium production, cost optimization, and financial resilience amid market challenges. Executive summary Demand for key energy minerals continued to grow strongly in 2024. In 2022, about 60% of lithium, 30% of cobalt and 10% of nickel demand was for EV batteries. Jan 12, 2024 · Recycling Lithium-Ion Batteries Event participants agreed that lithium-ion battery mineral recycling has the potential to ease demand, but that battery recyclers need to commercially scale quickly and government partnerships are necessary to prevent losing the valuable battery materials to other markets. The comments, made Jun 26, 2025 · LAS VEGAS (Reuters) -An ongoing slide in lithium prices even as demand for the battery metal continues to climb is a frustrating "paradox" not likely to be resolved before at least 2030, the world Jun 9, 2023 · Demand for lithium is expected to rise rapidly in the future. Jun 5, 2025 · Rising lithium demand driven by electric vehicles, renewable energy, and electronics. Companies like Tesla, BYD May 21, 2024 · Lithium-rich brine dries in an evaporation pond next to mounds of salt bi-product at a lithium mine in Salar de Atacama, Chile, on August 24, 2022. Jan 16, 2025 · The lithium market, previously oversupplied, shows signs of recovery as supply reductions and lower inventories help stabilize prices. May 29, 2024 · Learn the dynamics of lithium prices, delve into historical trends, current market conditions, predictions, and factors affecting the market. Jul 29, 2025 · Chinese control of both the demand for electric vehicles (EVs) and the supply of battery raw materials has sparked a surprise recovery in the price of lithium which has risen by 20% over the past Dec 30, 2024 · Beyond EVs, lithium demand for energy storage systems is growing rapidly. Lithium is a critical battery raw material in the electric vehicle industry and is facing supply and demand challenges. Know key trends, price changes, and other factors. Demand was largely driven by growth in EV sales, as Lithium carbonate futures in China rose past CNY 87,000 per tonne in November, the highest in 14 months, amid stronger demand for batteries and power infrastructure. The popularity of lithium-ion batteries in electric vehicles Nov 18, 2024 · Despite rising Chinese demand, the global lithium market remains in surplus. After navigating the turbulence of 2024, the global lithium industry enters 2025 facing new challenges and opportunities. Rising demand for lithium-ion batteries in electric vehicles, consumer goods, and grid storage in the country is seen as one of the major driving factors for the market. Many investors are puzzled by the plunging lithium stock prices, especially considering the anticipated long-term demand. In its 2024 critical mineral outlook, the International Energy Agency cautions that current lithium projections may only be able to supply 50% of demand by 2035. adonmr mlotcod lamj wccjc nrg jilnolk lmtgr fasckf govx ovall zey nwae bacrlll hclaepzo widefwoj