Analysis: Lithium industry needs $42 billion to meet 2030 demand

The lithium industry needs $42 billion of investment if it is to meet 2030 demand, according to Benchmark analysis.

In 2030, Benchmark forecasts lithium demand will reach 2.4 million tonnes LCE (lithium carbonate equivalent). This is almost 1.8 million tonnes more than the 600,000 tonnes of lithium Benchmark forecasts will be produced in 2022.

Benchmark estimates that the lithium industry needs $7 billion of investment each year from now until 2028 to meet the 2030 lithium demand. These requirements come as Europe and North America look to reduce their reliance on foreign supply and improve sustainability by . . .


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