The coming years will bring massive structural changes as economies around the world move away from fossil fuels. These changes have already resulted in new strategic commodities such as rare earth minerals, cobalt, nickel and lithium to name a few. The extent to which major powers are willing to scramble for these strategic commodities to secure reliable domestic supply chains remains to be seen and will largely depend on the future global trading system. However, supply chain security is an issue that policymakers can no longer ignore.
This article examines factors affecting lithium supply over the next decade.