{"id":75159,"date":"2023-04-04T10:00:00","date_gmt":"2023-04-04T14:30:00","guid":{"rendered":"https:\/\/inspenet.com\/noticias\/canada-estimates-lithium-demand-to-increase-500-by-2050\/"},"modified":"2023-04-04T15:25:05","modified_gmt":"2023-04-04T19:55:05","slug":"canada-estimates-lithium-demand-to-increase-500-by-2050","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/canada-estimates-lithium-demand-to-increase-500-by-2050\/","title":{"rendered":"Canada estimates lithium demand to increase 500% by 2050"},"content":{"rendered":"\n

Inspenet, April 4, 2023<\/p>\n\n

Piedmont Lithium<\/a> aims to become one of the largest lithium hydroxide producers in North America, by processing concentrates produced from assets that include an open pit mine in Quebec.<\/p>\n\n

They estimate to capitalize on the bullish forecasts on the prospects of lithium, a key ingredient in the production of batteries for electric vehicles (EV).<\/p>\n\n

On the other hand, Albemarle Corp. it expects China’s electric vehicle market to rise 40% this year, or at least 3.0 million vehicles, boosting demand for the battery metal.<\/p>\n\n

Such forecasts are prompting governments and automakers in the US and Canada to invest heavily in a bid to develop locally grown lithium supply chains in support of their clean energy and climate change goals.<\/p>\n\n

The Canadian government said lithium demand is projected to rise 500% by 2050 due to growing domestic battery manufacturing and a forward-looking transportation ecosystem.<\/p>\n\n

\"\"
Lithium demand by 2050. Chart: Benchmark<\/figcaption><\/figure>\n\n

After trading at near-record levels in 2022, the price of lithium is expected to fluctuate this year but remain at levels that support new projects, at least in the short term, analysts said.<\/p>\n\n

However, the US and Canadian governments remain challenged by the fact that by 2022, 79% of global lithium production will come from Australia, Chile and Argentina.<\/p>\n\n

Maximum lithium mining production by country in 2022<\/strong><\/h2>\n\n

(in metric tons)<\/strong><\/h2>\n\n
\"\"
Lithium mining production by country. Graphic: Mining Heading<\/figcaption><\/figure>\n\n

North American lithium production, by comparison, accounts for less than 2.0% of current global demand.<\/p>\n\n

Against that backdrop, some countries risk that without sufficient supply, critical minerals will become a hindrance rather than an enabler in the energy transition phase, Canada’s Natural Resources Minister Jonathan Wilkinson said. As a result, developing a supply chain for lithium and other critical minerals has become a priority in the US and Canada.<\/p>\n\n

Source<\/strong> : https:\/\/www.rumbominero.com\/canada\/canada-demanda-de-litio\/<\/a><\/p>\n\n

Photo<\/strong>: ShutterStock<\/p>\n\n

Don’t miss the Inspenet News<\/strong> at: https:\/\/inspenet.com\/inspenet-tv\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Inspenet, April 4, 2023
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