57%
Price increase since June 2025
25M+
EVs projected for 2026
$28K
Potential price per ton
1,500t
Supply deficit by 2026
Global lithium spot prices climbed from $8,259/ton to $13,003/ton in five months. A small 2025 surplus flips to a 1,500-tonne deficit by 2026 as restarting idled mines takes 2–5 years. EV batteries account for 70% of demand — and the market is just getting started.
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