Market dynamics of lithium as a key element for modern energy

Oil has been and continues to be the “black gold” of energy industry, now “white industry appeared - this is alkali metal lithium. Lithium-ion batteries сharge smartphones, laptops electric vehicles. Some developed countries have committed phasing out new gasoline diesel vehicles by 2040. In 2021, global sales vehicles, main driver lithium market, grew 1.5 times. A further increase in demand 2022 will mean a continued shortage year, as consumption material outstrips production depletes stocks. As world’s car manufacturers shift from internal combustion engines need for supplies raw materials increases. The influence environmental political motives on dynamics supply world being discussed. Lithium deficiency can become real limiting factor achieving transition goals.