WoodMac warns of lithium supply deficit by 2028

March 03, 2026 at 1:07 PM
Kelly Pickerel
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<p>Global lithium demand could exceed 13 million tonnes by 2050 under an accelerated energy transition, more than double base case projections, according to Wood Mackenzie’s latest Energy Transition Outlook for Lithium. Without significant new investment, supply deficits could emerge as early as 2028. Even under the Wood Mackenzie’s base case scenario, existing supply projects are unlikely to meet demand&#8230;</p> <p>The post <a href="https://www.solarpowerworldonline.com/2026/03/woodmac-warns-of-lithium-supply-deficit-by-2028/">WoodMac warns of lithium supply deficit by 2028</a> appeared first on <a href="https://www.solarpowerworldonline.com">Solar Power World</a>.</p>

<p>Global lithium demand could exceed 13 million tonnes by 2050 under an accelerated energy transition, more than double base case projections, according to Wood Mackenzie’s latest Energy Transition Outlook for Lithium. Without significant new investment, supply deficits could emerge as early as 2028. Even under the Wood Mackenzie’s base case scenario, existing supply projects are unlikely to meet demand&#8230;</p>
<p>The post <a href="https://www.solarpowerworldonline.com/2026/03/woodmac-warns-of-lithium-supply-deficit-by-2028/">WoodMac warns of lithium supply deficit by 2028</a> appeared first on <a href="https://www.solarpowerworldonline.com">Solar Power World</a>.</p>

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