EV Industry to Dominate the Lithium Demand Front – Says Cochilco

The demand for lithium would be dominated by the EV industry over the next ten years – says Cochilco, the Chilean state mining agency.

  • As per the agency, the EV industry would capture over three-quarters of the ultralight battery metal’s consumption by 2030.
  • The agency further anticipates that the lithium demand, which took a considerable hit from COVID-19 outbreak, would grow to 1.4 million tonnes by 2030.

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