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UNCTAD Projects 353% Surge in Lithium Demand by 2040, Reshaping Global Trade

2026-06-12 06:46:02

According to UNCTAD's June Global Trade Update report, global lithium demand is projected to grow 353% from 2024 to 2040, while graphite demand will increase 131%. Lithium's share of clean technology demand is expected to rise from 62% in 2024 to 87% by 2040.

In 2025, the Democratic Republic of Congo accounts for 74% of global cobalt production, Indonesia for 67% of global nickel output, and China for 69% of global rare earth mineral production, reflecting concentrated supply chains across key energy transition minerals.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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