Lithium 2040
By 2040, lithium demand is forecast to more than triple from today’s levels, making it one of the fastest-growing commodities of this generation. Lithium 2040 is a new report commissioned by ILiA from Project Blue, a leading provider of market intelligence on energy transition supply chains and the critical materials that underpin them.
Anand Sheth, ILiA’s Founding Chairman said “Lithium is the essential enabler of technologies driving a greener and more sustainable society – today and for generations to come. This report was commissioned to highlight lithium’s strategic importance and the strong, long-term demand underpinning its global value.”
Since 2010 lithium has grown from being a little-known material, primarily used in niche industrial applications like ceramics, glass and greases, to a globally significant industry, expanding from 120,000 tonnes to 1,300,000 tonnes of lithium carbonate equivalent (LCE) by 2025. This tenfold increase powered by a seismic shift in the world’s energy systems.
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Lithium 2040 was authored by Project Blue’s global lithium and lithium-ion battery research teams and does not reflect the opinions of ILiA. ©Project Blue, 2025
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