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Inside the accelerating global race for lithium

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The demand for lithium, essential for electric vehicles, is expected to face twenty years of rapid growth, according to our new report.

The Oregon Group forecasts lithium’s dominant demand segment — electric batteries and vehicles (EVs) — is also it’s fastest growing, a dynamic rarely encountered even in bull markets.

Soft, light, and silvery white, lithium is an energy dense, battery component superstar. It’s vital to the global energy transition, and it’s the focus of a high-stakes race for economic dominance in this new age of green tech.

McKinsey & Company forecasts global lithium demand to increase 20% annually to 2030. Tesla suggests the company will need 1,000 kilotons of lithium carbonate equivalent (LCE) per year by 2030, or x16 its demand in 2022, and leading battery analysts, Benchmark Minerals, see even greater growth all the way to 2050. By the IEA’s estimate, the sector needs up to 50 new mines in less than a decade – a big ask considering the supply side dynamics.

Our report — “Inside the accelerating global race for lithium” — examines how the lithium market has seen a significant price correction in 2023, stalling new lithium projects and limiting supply expansion needed to meet the expected increase in demand for the next generation of EVs. Price volatility is also compounded by global geopolitical tensions, local community environmental concerns, as well as government permitting issues.

Established lithium producers face a unique set of challenges that offers an opportunity for new jurisdictions, particularly, in Africa. 

Included in The Oregon Group report:

  • Lithium explained
  • The big trends
  • Investing in lithium
  • Projections by The Oregon Group

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Disclaimer

The Oregon Group has full editorial control over all content published on this website and the author has not been compensated or remunerated by any person to provide content for The Oregon Group, and all statements and expressions herein are the sole opinion of The Oregon Group. However, from time to time, The Oregon Group and its directors, officers, partners, employees, authors, or members of their families, as well as persons who are interviewed for articles on this website, may have a long or short position in securities or commodities mentioned and may make purchases and/or sales of those securities or commodities in the open market or otherwise. By accessing and using this website, readers are cautioned to assume that each of the foregoing persons may have a financial interest in all companies and sectors mentioned on this website. Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable., and any such statements are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur.  Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities or commodities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and The Oregon Group undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material. The information provided on this website is for informational purposes only and is not, directly or indirectly, an offer, solicitation of an offer and/or a recommendation to buy or sell any security or commodity, and the information provided on this website should not be construed as any advice or an opinion as to the price at which the securities of any company or commodity may trade at any time. The Oregon Group is a publisher of financial information, not an investment advisor.  We do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient, and the information provided on this website is not and should not be construed as personal, financial, investment or professional advice. Readers are cautioned to always do their own research and review of publicly available information and to consult their professional and registered advisors before purchasing or selling any securities or commodities and should not rely on the information contained herein. Neither The Oregon Group nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. By using the Site or any affiliated social media account, you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.

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about the author

Anthony Milewski

Anthony Milewski

Anthony Milewski has spent his entire career in the capital markets, including as company CEO, board director, advisor, founder and investor, with a focus on the energy transition and commodities.

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