The Clock Is Ticking on Lithium Supply, Wood Mackenzie Warns

A new Wood Mackenzie analysis warns that global lithium demand could reach 13 million tonnes by 2050 under an aggressive clean-energy scenario — and that supply deficits could begin as early as 2028 without a major new wave of investment. EVs remain the dominant driver, accounting for 72% to 80% of demand across every scenario modeled, but energy storage is quietly adding pressure of its own, growing 6% to 7% annually. Closing the projected gap could take up to $276 billion in new investment concentrated in the early 2030s — a tight timeline for capacity that largely doesn't exist yet. (electrek)