Andrew Miller: Lithium Industry Needs More Capital to Support Demand

Much more investment is going to be needed in the lithium sector in order for a projected surge in demand for batteries to be met, according to Andrew Miller, who is the head of price assessment at Benchmark Mineral Intelligence.

“The industry is at a point now to meet the demand growth of 2022, 2023, (but) significant amounts of capital need to start going into the market in the next six to 18 months, really, so I think that’s a real challenge for the rest of the world,” he said.

Miller was speaking with the Investing News Network (INN) about securing supply chains and raw materials at the Lithium Supply & Markets Conference in Santiago, Chile.

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest

MARKET SUMMARY

INDICES

Name Last Change
DOW 27025.90 0.09%
S&P 500 2997.95 0.28%
NASDAQ 8156.85 0.40%
TSX 16426.30 0.01%
TSX-V 544.07 0.00%

Resource Commodities

Name Last Change
Gold 1492.33 0.04%
Silver 17.55 0.06%
Copper 2.59 2.587
Platinum 901.00 0.67%
Oil 53.93 1.06%
Natural Gas 2.32 0.65%
Uranium 24.88 0.00%