Demand for batteries continues to increase, and global demand for lithium is expected to quadruple by 2025

by:CTECHi     2021-07-28

The Central Bank of Chile stated that due to the continuous increase in demand and prices for key components of electric vehicle power batteries, the country’s lithium carbonate exports reached 949 million U.S. dollars in 2018, compared with 686 million U.S. dollars in the previous year.

In December 2017, Chile’s copper exports reached 65.8 million U.S. dollars. In contrast, exports in August, November, and December 2018, respectively They were US$97 million, US$71 million and US$45 million, a year-on-year increase of 46.2%.

In recent years, top lithium producers Albemarle and SQM have signed agreements with the Chilean government to increase the production of lithium-rich Atacama salt marshes.

By 2025, global demand for lithium is expected to quadruple.

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