Growth in demand for lithium is likely to continue, irrespective of changes in battery technologies.According to S&P Global Platts, the global lithium market has seen prices moving to record highs, boosted by limited supply and an ongoing demand for the commodity in light of growth in the electric vehicle market.Seaborne lithium carbonate prices have gained 413% since the start of 2021, while lithium hydroxide prices climbed 254% over the same period, according to the company’s data.The bullish outlook for the commodity is expected to continue throughout 2022, with strong prices expected throughout the year. Due to their strategic significance, lithium resources are also expected to be more difficult to obtain and control.
