Cochilco: global lithium demand to surge in next decade

by Canning House Associate Fellow Andrew Thompson

Every week, Andrew Thompson draws on his great wealth of knowledge and experience of Latin America to bring our audience in-depth insights on economics, political risk, and business in the region.

This week, as global demand for lithium looks set to continue its surge, he examines the opportunities and challenges facing the Chilean mining sector in balancing the extraction of its world-leading reserves with environmental and business concerns.

These stories are also available on Andrew’s blog site:

La Rambla Research

What happened?

Global demand for lithium for battery-powered electric vehicles (EVs) will surge from around 75,000 tonnes in 2020 to 1.4mn tonnes in 2030, according to a report by Cochilco, Chile’s state-owned mining agency.

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Cochilco: global lithium demand to surge in next decade