Global projection of total lithium supply 2022-2030

The total global supply of lithium amounted to more than 634,000 metric tons in 2022. By 2030, it is projected that the world's lithium supply will increase to more than 2.14 million metric tons. Despite the more than threefold lithium supply growth that is anticipated in 2030 relative to 2022, it is expected that there will be a supply shortfall relative to the projected lithium demand in 2030 of 2.3 to 2.45 million metric tons (depending on the source). With the year-over-year increases in global lithium demand expected to be considerable over the next decade, significant lithium deposits will need to come online every year in order for supply to keep pace with demand increases.