Mining Sector Prepares Ahead of 1,500% Surge in Lithium Demand by 2050
USA News Group Commentary Issued on behalf of Lithium South Development Corporation
VANCOUVER, BC, May 15, 2024 /PRNewswire/ — USA News Group – Even though prices are currently down from where they were in 2022, experts still see the monumental importance of lithium in the years and decades ahead. According to a recent post, the UN Trade & Development (UNCTAD) projects based on data from the International Energy Agency (IEA) that by 2050, lithium demand could rise by over 1,500%. UCTAD also believes that to achieve the global 2030 net-zero emission targets, the lithium mining industry will need 70 new mines. Seeking to provide the critical minerals necessary for the green electric revolution, lithium miners continue to develop several promising new projects, including Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Lithium Americas (Argentina) Corp. (NYSE:LAAC), Atlas Lithium Corporation (NASDAQ:ATLX), Standard Lithium Ltd. (NYSE-American: SLI) (TSXV: SLI), and Rio Tinto Group (NYSE:RIO).