Transportation and energy production are two sectors that desperately need to reduce emissions, and developments in electric vehicles and battery storage are rapidly changing both markets. Lithium, sometimes referred to as "white petroleum", is a key component in storage and in recent years demand has skyrocketed. See also: Are Electric Vehicles Really Better For The Environment? However, there are some outstanding issues that are threatening to limit the growth of lithium batteries. By the year 2025, lithium demand is expected to increase to approximately 1.3 million metric tons of LCE (lithium carbonate equivalent) - over five times today's levels.

Source: Forbes June 10, 2019 21:45 UTC