IEA Report: World Needs More Lithium for Batteries

August 26, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--If all the world's governments lived up to their climate change pledges and promises, demand for lithium would rise sixfold to 500 kilotons by 2030, requiring the equivalent of 50 new average-sized mines. This rather startling assessment comes from a recent report by the International Energy Agency (Paris, France), blandly named Global Supply Chains of EV Batteries. Among other things, the report highlights the vital role of lithium in the supply chain for electric vehicle (EV) batteries.