The Lithium Even Elon Couldn’t Buy

Demand for lithium will be booming over the next few years, and the US wants to increase its share in the global market for the metal used in electric vehicle and cell phone batteries, energy storage, and consumer products. Bloomberg NEF forecasts global demand for lithium will double by 2025 to about 800,000 tons. Electric vehicle batteries will make up the lion’s share of that demand, followed by consumer electronics and energy storage. With this booming demand, the U.S. is desperate to dominate the lithium production market. San Diego-based…