An anonymous reader writes: Rystad Energy projected a “serious lithium supply deficit” in 2027 as mining capacity lags behind the EV boom. The mismatch could effectively delay the production of around 3.3 million battery-powered passenger cars that year, according to the research firm. Without new mining projects, delays could swell to the equivalent of 20 million cars in 2030. Battery-powered buses, trucks, ships, and grid storage systems will also feel the squeeze.
“A major disruption is brewing for electric vehicle manufacturers,” James Ley, senior vice president of Rystad’s energy metals team in London, said in a news release. “Although there is plenty of lithium to mine in the ground, the existing and planned projects will not be enough to meet demand for the metal.”
“It’s not that it’s a resource issue. There is no fear that there is not enough lithium to meet demand by 2030 or longer,” Sophie Lu, the head of metals and mining for BloombergNEF, said by phone from Sydney. The larger question, she said, is whether the industry can continue producing lithium at similar costs as today, while also diversifying supply chains away from today’s dominant geographies and doing so without causing environmental damage.