The World Is In Desperate Need Of More Lithium

Nearly 800 kt LCE of additional lithium would need to come online in the next five years to meet the needs of the battery sector, a new report by Wood Mackenzie states. The market analyst’s prediction is based on its own Accelerated Energy Transition (AET) scenario, which sees global warming limited to 2.5 degrees Celsius and which presents the idea of the electric vehicle market requiring over 1 million tonnes LCE in 2025. Similarly, the report states that the cobalt market would have to double by 2025.  “To put this into perspective,…

via OilPrice

Categories: Energy