EV demand fuelling a worldwide lithium shortage

Increasing lithium demand for electric vehicle (EV) batteries may lead to a supply shortage. Experts differ on the timing, with some suggesting it could happen by 2025. China’s fast-growing EV-related lithium demand is a significant factor. While supply is expected to grow, challenges in mining and permitting could create short-term constraints, potentially affecting EV industry costs and supply chains. Globally, lithium supply may eventually meet demand, but short-term issues are likely.

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