"Three years of falling lithium prices failed to incentivise sufficient investment into supply chains, leading to greater risks of price volatility as battery demand ramps up."
In late January Adriatic was granted an exploitation permit for its Veovaca project near Vares in Bosnia-Herzegovina, 50 km north of the capital, Sarajevo.
Resource nationalism has been on the rise over the past year, but Verisk Maplecroft believes the worst is yet to come for miners as governments try to claw back the financial losses of the pandemic.