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The Markets

The lithium market is growing rapidly
as the transportation and energy
sectors transition to clean sources of power

Lithium supply has to increase at a 19% CAGR over the next 6 years to meet 2025 demand. Even at the height of the market, the industry only managed to grow by 11% per year, on average, from 2015 - 2018.


New lithium-ion applications and technologies are rapidly coming to market in the electricity grid and energy storage sectors which are expected to significantly increase demand for Lithium compounds.

Lithium Supply, Demand and Pricing