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China Could Control a Third of The World’s Lithium by 2025

  • Increased output to include dirtier lepidolite, says UBS
  • Beijing has already curbed unlicensed miners in Jiangxi

China’s efforts to ramp up lithium extraction could see it accounting for nearly a third of the world’s supply by the middle of the decade, according to UBS AG.

The bank expects Chinese-controlled mines, including projects in Africa, to raise output to 705,000 tons by 2025, from 194,000 tons in 2022. That would lift China’s share of the mineral critical to electric-vehicle batteries to 32% of global supply, from 24% last year, according to a note on Friday.