Lithium processors prepare to meet demand in era of electric car

Demand for battery-grade lithium compounds is expected to skyrocket in the next decades in tandem with soaring demand for electric cars.

LONDON: Producers of processed lithium – an essential element for batteries used in electric cars – are agreeing long-term contracts with their customers to fund the investments needed to address a looming shortfall. 

Demand for battery-grade lithium compounds is expected to skyrocket in the next decades in tandem with soaring demand for electric cars as governments and individual consumers try to reduce their carbon footprint.