“Lithium demand will probably go up another five times over the next 15 years, so a lot more lithium projects will have to be built,” Rio Tinto CEO Stausholm said. — Reuters
MELBOURNE: US president Donald Trump’s rollback of electric vehicle (EV) targets may temporarily slow demand for lithium and other critical minerals, but is unlikely to hamper the mining industry amid surging global EV demand, analysts and industry leaders say.
Trump on Tuesday revoked predecessor Joe Biden’s 2021 executive order that sought to ensure half of all new vehicles sold in the United States by 2030 are electric.
