Lithium demand is forecast to more than double over the following five years 2022-2027, as global EV uptake continues to grow, with world demand forecast to reach 1.5Mt by 2027.

According to a recent report, the global lithium-ion battery (LiB) market size is expected to reach US$182.53B by 2030, expanding at a CAGR of 18.1% from 2022 to 2030.