Albemarle calls for high lithium prices to fuel EV industry growth

The Charlotte, North Carolina-based mining company has been building new lithium facilities in Chile, Australia, China and the, and is considering a major European lithium processing plant, projects for which it is planning to more than double its capital budget by 2027.

Global lithium demand should hit 3.7 million tonnes by 2030, with Albemarle alone expecting to supply about 600,000 tonnes by that time. Without expansions, though, executives warned of the "potential for significant deficits" by the end of the decade without new mines and processing plants.also has repeatedly called for the auto industry to pay more for the white metal.

WERE ARE YOU GOING TO MATERALS TO MAKE THE BATTERY ' THAT LAST 7-8 YEARS ? WILL YOU BE ABLE TO GET ANOTHER ONE ? WAKE UP BLIND PEOPLE !!!!!!!!!

So increasing cost of battery production will make EV’s more affordable/accessible to the public?

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