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Surging lithium demand is outpacing growth of US supply chain: US Elemental
Rising demand has caused concern for the lithium industry, as some wonder if current supply capacity is enough to meet demand. The supply-demand balance in the lithium market is “really going to be a function of how much of the supply can come on,” Rodger explained. “It’s really difficult to bring on large [lithium] projects, particularly when you’re looking at increasing the market so substantially [every] year,” Rodger explained. A decline in lithium prices in 2022-2023 disincentivized investments into the US supply chain and put a pause on lithium projects, Rodger told Fastmarkets. Lithium prices have ... (full story)
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- Jun 9, 9:44pm | 8 hr ago Posted byFundamental Analysis79
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