The market for lithium will remain tight through 2025 as producers struggle to lift output fast enough to meet demand for the material that is essential in making batteries for electric vehicles, according to the sector's newest public company, Livent Corp.
"We think demand is going to grow almost five times larger in 2025 than it was in 2017," Chief Executive Officer Paul Graves said in an interview Thursday in New York, as the supplier made its trading debut. "Our biggest challenge is producing enough to meet the demand – there’s a much greater risk that this market is consistently in a deficit in the near future."
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