Global Lithium Demand Spurs Extraction From Brines
NEW DELHI--March 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Fueled by the advancements in battery technology due to the growing market for electric vehicles and the widespread use of consumer electronics such as laptops and phones, the demand for lithium is soaring. According to the World Economic Forum, lithium demand is anticipated to reach 1.5 million tonnes of lithium carbonate equivalent (LCE) by 2025 and more than 3 million tonnes by 2030.
Industrial Info is tracking 159 capital spending projects worldwide, worth about US$43 billion, that are geared toward lithium extraction from brines.
