As the world moves rapidly towards greener transport and more efficient energy use and storage, the International Lithium Association (ILiA), the not-for-profit industry association representing the global lithium value chain, today announces a partnership with leading natural resources research and consultancy business Wood Mackenzie (WoodMac) to provide a series of reports and workshops exploring key trends in the lithium industry. ILiA’s core members account for approximately 75% of current global lithium production and this landmark project supports ILiA’s vision to become a trusted global authority on lithium.
“Wood Mackenzie is a leading global commodity research and consultancy business, making it an ideal partner with whom to discuss the lithium value chain”, Founding Chairman Mr Anand Sheth said. “ILiA’s vision is to be recognised as a trusted source of knowledge on all aspects of the lithium industry by regulators, governments, industry, civil society, media and the public. Roskill, recently acquired by WoodMac, has been covering the lithium industry for more than two decades and is a well-known and reputable source of information for all lithium producers and stakeholders”.
The landmark agreement with Wood Mackenzie will help members understand the most up-to-date trends in the industry and provide external stakeholders with clear and accurate intelligence regarding where lithium resources are found, how the lithium value chain operates, global trade data, and the essential applications enabled by lithium.
Wood Mackenzie forecasts global demand for lithium could increase by six times between 2022 and 2040, as the world transitions to lower-carbon transport and renewable power storage.
“A vast quantity of lithium and other materials will be required to make batteries for electric vehicles and energy storage systems in the foreseeable future and it is ILiA’s mission to ensure that high quality lithium continues to be produced sustainably and responsibly,” said Roland Chavasse, Secretary General of ILiA. “While coal powered the 19th century, and oil and gas dominated energy in the 20th, the 21st century is rapidly becoming ‘the lithium century’,” he added.
Mr Derryn Maade, Global Head of Metals and Mining Markets at Wood Mackenzie said: “We are pleased to be partnering ILiA. The lithium industry is fast evolving and gaining much attention as the world decarbonises. We are confident that our market leading analysis will benefit the Association’s members and empower them to make important decisions.”
Wood Mackenzie is a leading global commodity research and consultancy business powering the natural resources industry for nearly 50 years. They purchased Roskill in 2020. Wood Mackenzie covers oil, gas & LNG, power & renewables, chemicals, and metals & mining sectors. In 2015, it was acquired by Verisk.
For more information please visit https://www.woodmac.com/
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