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22 Oct
15:43

LITHIUM: Rio Tinto warns emerging supply gap to challenge market

Rio Tinto estimates the emerging lithium supply gap will require as many as “60 Jadar projects” to satisfy the rapid growth in electric vehicle demand, Kallanish reports. According to the company’s head of economics Vivek Tulpule, EVs could exceed 50% of the global share of light vehicles sales by 2030, reaching up to 65 million units. “This would imply around 3m tonnes of lithium demand compared with just 350,000 t today,” he says…
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