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Surging demand for EVs and the inelastic nature of lithium supply are the primary drivers behind the increase in lithium prices in 2022.

United statesMarcus kraussSociedad quimicay mineraInternational energy agencyMinerals intelligenceAlbemarle corpInelastic supply likelySupport lithiumBenchmark minerals intelligenceBalance forecastsLithium demandOutpace supply throughSigma lithiumBenchmark mineralGuidance encouraging minersBoost future