Lithium’s $100B Question: Who Will Build 134 New Mines?
4 Articles
4 Articles
World markets are moving towards a significant increase in lithium demand over the coming decades, with consumption projected to rise to about 7 million tons of lithium carbon equivalent by 2050, compared with 2.11 million tons during the current year, which requires the creation of some 134 new mines with investments of over $100 billion to meet market needs. The post mentioned a surge in lithium demand that requires the creation of 134 mines w…
Lithium’s $100B question: Who will build 134 new mines? – by Cecilia Jamasmie (Mining.com – October 22, 2026)
https://www.mining.com/ Global lithium demand is expected to more than triple by 2050, requiring the equivalent of 134 new mines and more than $100 billion in investment as electric vehicle adoption accelerates, according to Benchmark Mineral Intelligence. The London-based research firm forecasts consumption will climb to nearly 7 million tonnes of lithium carbonate equivalent (LCE) by ...
Lithium Boom: $100B Needed for 134 Mines by 2050
The lithium industry will need to bring the equivalent of a new mine into production roughly every two months for the next 24 years to keep up with demand, according to new data from Benchmark Mineral Intelligence.Benchmark forecasts global lithium demand will reach about 7 million metric tons of lithium carbonate equivalent (LCE) in 2050, up from 2.11 million metric tons in 2026. At an average mine size of 36,000 metric tons LCE, that 4.8 milli…
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