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flag Global lithium demand is surging due to electric vehicles and energy storage, with supply chain risks and efforts to boost domestic production and recycling.

flag The global lithium market is expanding rapidly, driven by surging demand for electric vehicles and energy storage, with lithium carbonate and lithium metal markets projected to grow significantly through 2030s. flag China dominates refining and battery production, while supply chain vulnerabilities persist due to concentration in processing and geopolitical tensions. flag Rising adoption of LFP batteries is reshaping demand, and countries are investing in domestic capacity and recycling to secure supplies. flag Challenges include safety risks, price volatility, and ethical sourcing, as global electrification accelerates.

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