China's Lithium Market Share Projected to Reach 39% by 2030, According to Wood Mackenzie
A new report from Wood Mackenzie suggests that China's dominance in the lithium market is set to grow, potentially reaching 39% by 2030, driven largely by the demand for electric vehicles.
Editorial Staff
1 min read
Updated 15 days ago
According to a report by Wood Mackenzie, China's share of the lithium market is expected to rise from 31% to 39% by 2030.
This increase is attributed primarily to the growing demand for electric vehicles, which is significantly impacting lithium needs globally.
The report also highlights potential implications for global supply chains as China's role in lithium production expands.