Lithium Demand Skyrocketing
In recent years, demand for lithium has skyrocketed as the clean energy transition gets underway. Some estimates suggest that global demand for lithium could triple over the next five years, which would seriously stress the world’s current supply capabilities. Electric vehicles are particularly lithium-intensive, and as governments and companies ramp up EV production, demand for lithium is also increasing. Lithium mining has come under fire in multiple areas of the world for its environmental impacts as well as labor issues and impacts on Indigenous communities. In the Atacama, locals have protested over mining’s impact on water supplies.
