Lithium resources: we know where they are, but who owns them?

Australia and South America have long dominated global lithium supply. That dominance is now eroding — not because investment in either region is slowing, but because the rest of the world is catching up fast. Drawing on Wood Mackenzie's LENS Metals & Mining platform, this Insight examines where lithium will be extracted over the coming decade and, critically, which countries will own those resources. The two questions yield different answers — and the gap between them has significant strategic implications.