To meet increasing demand from electric vehicles (EVs), the lithium industry will need a sizeable investment over the next decade. According to one of the sector’s biggest players, that investment will need to be more than $10 billion in order to meet the rising challenge of the supply gap.
Demand for lithium is set to grow by 600,000-800,000 tonnes of lithium carbonate equivalent over the next 10 years, says Daniel Jimenez, senior commercial Vice President of Sociedad Quimica y Minera de Chile (NYSE: SQM). The executive from the Chilean mining giant believes that global lithium investment will require…
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