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Lithium’s Sharp Price Decline: A Potential Opportunity?

Lithium’s sharp price decline in recent years has led to oversupply, but experts predict a potential rebound in demand by 2025, driven by the shift toward electric mobility and renewable energy solutions.

Why Lithium Demand May Rebound In 2025 While supply imbalances have driven down prices, the McKinsey Battery Insights team <a href="https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/battery-2030-resilient-sustainable-and-circular"><u>argues</u></a> that the demand side of the equation is set for a resurgence, primarily fueled by the accelerating shift toward electric mobility and renewable energy solutions. By 2025 and beyond, the team argues that several key factors could drive a significant increase in lithium demand.