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In a context of energy transition, lithium has become critical to the development of low-carbon mobility. But lithium supply is a key issue. To date, lithium production is highly concentrated in three non-European countries: Australia, Chile and China, which also manufactures 79% of batteries.
Global demand for lithium has doubled over the last ten years. Driven by the transition to electric vehicles, global consumption of this metal is expected to increase 42-fold by 2040 compared with 2020 (International Energy Agency).
But lithium supply is a key issue. To date, lithium production is highly concentrated in three non-European countries: Australia, Chile and China, which also manufactures 79% of batteries. The current geopolitical crises show that it is risky to depend solely on foreign sources of supply for critical materials.
