- The world produced 540,000 tons of lithium carbonate equivalent (LCE) in 2021, according to the World Economic Forum.
- But demand for lithium – a vital component used in rechargeable batteries and that has been dubbed “white gold” for electrical vehicles – is expected to reach 1.5 million tons of lithium carbonate equivalent by 2025.
- This figure is projected to again double by 2030.
China Beating Tesla, US In African Lithium Rush
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