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Lithium demand is still outstripping supply, and this will continue, according to SP Angel’s mining analyst John Meyer. Its use in batteries will grow thanks to electric vehicles on the road and even in the air.
News of plans by SQM, the world’s largest lithium producer, to increase production has deflated the speculative bubble around the metal a little, says Meyer. There are still opportunities as almost every possible operator would need to turn to lithium production to flood the market. Lithium has been on a steady climb since late 2014, rising 215% in that period.