Insight
Splitting at the Source: Trade-Offs Between Lithium Brine and Hard Rock Extraction Pathways to Market
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Report summary
Wood Mackenzie’s insight, “Splitting at the Source: Trade-Offs Between Lithium Brine and Hard Rock Extraction Pathways to Market,” examines the evolving dynamics of global lithium supply. While the market is currently in a period of oversupply, demand is expected to grow at an 8% CAGR through 2040—driven by the accelerating adoption of electric vehicles and their dominance in the rechargeable battery market. To meet long-term demand, new lithium projects will be essential. The report explores the complexities and trade-offs between brine and hard rock extraction methods, analyzing differences in development timelines, production processes, cost structures, and environmental considerations. As stakeholders navigate this shifting landscape, understanding the strategic implications of each extraction route is increasingly critical. Explore how these decisions could shape the future of lithium supply in a fast-moving industry.
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