Global lithium production is expected to grow from 503 500 t lithium carbonate equivalent this year to 2.1-million tonnes in 2031 – an average yearly growth rate of 15.9%, said market research and advisory firm Fitch Solutions Country Risk & Industry Research. There are a significant number of new projects in various stages of development around the world, with Fitch Solutions tracking 120 established and new projects globally, and expecting that number to grow as interest in the sector increases, Fitch Solutions commodities analyst Nick Trickett said during a briefing on September 8.
