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Global lithium production to rise by 14.5% CAGR through 2030

GlobalData
Summary
Nutrition label

86% Informative

Global lithium production is expected to grow at a CAGR of 14.5% to over 548.5 kilotonnes by 2030 .

Lithium prices experienced a significant downturn in 2023 and 2024 , primarily driven by increased supply and weaker-than-expected electric vehicle ( EV ) demand.

The EV market experienced substantial growth, with global sales reaching a record 24.7 million units.

VR Score

90

Informative language

92

Neutral language

72

Article tone

formal

Language

English

Language complexity

65

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Source diversity

1

Affiliate links

no affiliate links