Global Lithium Resource Market to Face a Nearly 50% Supply Gap by 2030, China's Proven Lithium Resources Rank Sixth in the World

SHANGHAI, May 30 (SMM) - In recent years, with the rapid development of the new energy vehicle market, the demand for lithium, which is an important raw material for power batteries, has exploded, leading to a contradiction between supply and demand. Experts said that the competition for lithium resources is bound to be more intense in the future. If we rely on the lithium mine production projects currently under construction, the world will face a nearly 50% supply gap by 2030. China's proven lithium resources rank sixth in the world. In order to ensure supply security of lithium resources, China has been accelerating the mining and exploration of lithium ore in recent years.