Firm expects global lithium demand to increase 26% to 1.46 million tonnes in 2025 on a lithium carbonate equivalent basis.
BMO Capital Markets has lowered its demand estimates for next year on the anticipation that higher tariffs and multilateral trade friction could tamp down industrial output.
The biggest change over three decades is China becoming the number one producer, as its output has more than tripled.
Despite its pivotal role, the mining industry faces significant challenges that could hinder its ability to meet global demand.
