Chilean nitrates and lithium major Sociedad Quimaca y Minera de Chile (SQM) is confident that demand for lithium will continue to grow, but the group says that evolving electric vehicle (EV) battery technology will require producers to be flexible.
The company believes more supply for lithium carbonate and lithium hydroxide is needed and that demand for these products will continue to grow at “double-digit rates in the future”, SQM CEO Ricardo Ramos said on Thursday.