The green energy transition heavily relies on lithium, which could face supply challenges despite the current surplus and falling prices.
According to the International Energy Agency, demand for lithium could increase almost ninefold in the next 15 years if global efforts align with the climate goals of the Paris Agreement.
The slow and environmentally harmful production methods of lithium raise concerns about meeting future needs. Experts in the industry are urging for innovative approaches to improve production efficiency and reduce environmental impact, emphasizing the need to address these challenges promptly to support the expected growth in demand.