Categories: Energy / General Market Commentary
Topics: General Energy / General Market Commentary

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.