Provided By PR Newswire
Last update: Jan 14, 2025
Issued on behalf of Lithium South Development Corporation
VANCOUVER, BC, Jan. 14, 2025 /PRNewswire/ -- USA News Group – After a challenging two years of decline, industry analysts are forecasting 2025 to be a potential turning point for the global lithium market. Shifting supply dynamics are expected to reduce the current oversupply significantly, with projections suggesting a surplus of roughly 80,000 tonnes of lithium carbonate equivalent (LCE) in 2025, down from nearly 150,000 tonnes in 2024. Experts warn that a supply shortage may emerge in the near future, with Benchmark analysts highlighting the need for $116 billion in investments by 2030 to meet anticipated electric vehicle (EV) production targets. As demand for EVs and energy storage solutions gains momentum in 2025, attention is refocusing on key players in the lithium sector, including Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Arcadium Lithium plc (NYSE: ALTM), Sigma Lithium Corporation (NASDAQ: SGML), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), and Atlas Lithium Corporation (NASDAQ: ATLX).
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