As a core component in rechargeable batteries, lithium has an essential part to play in Canada's transition to clean energy .
However, with this demand comes an inherent issue. As demand for lithium continues to soar, it's expected to eclipse supply by the end of 2022 .
For the time being, the world's largest lithium producers are Australia, Chile and China. Recent years have demonstrated why this is untenable, as regional instability and geopolitical tensions can easily interrupt Canada's supply of this critical mineral. Simply put, if the country is to fulfill its commitment to net-zero emissions by 2050 , it cannot keep playing catch-up in the global lithium market.
For further details see:
Lithium Mining in Saskatchewan