Demand for lithium in energy storage

Will lithium demand grow tenfold by 2050?

An increased supply of lithium will be needed to meet future expected demand growth for lithium-ion batteries for transportation and energy storage. Lithium demand has tripled since 2017 and is set to grow tenfold by 2050 under the International Energy Agency’s (IEA) Net Zero Emissions by 2050 Scenario.

Should lithium-based batteries be a domestic supply chain?

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 electrical grid storage markets.

Are lithium-ion batteries available long-term?

This study investigates the long-term availability of lithium (Li) in the event of significant demand growth of rechargeable lithium-ion batteries for supplying the power and transport sectors with very-high shares of renewable energy.

What is annual lithium supply and demand balance?

Annual Lithium supply and demand balance. The annual surplus or deficit of lithium for a scenarios involving medium production; b scenarios involving high production; c various production scenarios under the BPS 3b LDV demand scenario.

What is the global market for lithium-ion batteries?

The global market for Lithium-ion batteries is expanding rapidly. We take a closer look at new value chain solutions that can help meet the growing demand.

Is there a lithium supply deficit by 2030?

Leading experts estimate a supply deficit by the 2030s, creating pressure to increase lithium production and processing. Benchmark Mineral Intelligence, an information provider on the lithium-ion battery supply chain, estimates a 300,000 tLCE supply deficit by 2030 in its business-as-usual demand scenario.