Lithium demand expected to quadruple, requiring $42B investment

ANALYSIS from Benchmark Mineral Intelligence has shown the lithium industry needs a massive US$42 billion in investment to meet projected 2030 demand.

Lithium demand expected to quadruple, requiring $42B investment Lithium demand expected to quadruple, requiring $42B investment Lithium demand expected to quadruple, requiring $42B investment Lithium demand expected to quadruple, requiring $42B investment Lithium demand expected to quadruple, requiring $42B investment

Benchmark forecasts 2030 demand will increase fourfold to 2.4 million tonnes of lithium carbonate equivalent (LCE), 1.8Mt higher than forecast 2022 production of 600,000t.