Modernising Agreements and Transition to Renewables
Significant supply gap emerging for lithium
Lithium demand and supply in net zero carbon scenario
(Multiple of 2020 demand levels, Lithium Carbonate Equivalent)
15x
10x
5x
0
2015
2020
2025
2030
2035
2040
2045
2050
Committed
Spodumene
Committed
Brines
Demand
By 2030, electric vehicles will account
for up to 55% of annual light vehicle
sales
Lithium is the preferred material in
electric vehicle batteries and has
potential upside in emerging solid state
battery chemistry
Supply gap will require over 60 Jadar
projects
Net zero carbon scenario is an internal based view where developed countries reach net zero emissions by 2050, large emerging markets,
including China, by 2060 and all other countries by 2070.
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-
Committed supply and capacity
-
expansions contribute -15% to demand
growth over 2020-50
Remaining 85% would need to come
from new projects
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