The Globe and Mail reports in its Thursday, Sept. 26, edition that one of the surprising metals on the radar screen at the 121 Mining and Energy Investment conference this week in Singapore was lithium. A Reuters dispatch to The Globe reports that lithium went out of favour after a surge in investment took the market into surplus, resulting in a collapse of prices, which have dropped about 88 per cent since reaching a record high in December, 2022. The thinking is that while the lithium market is currently oversupplied, and this may persist into 2025, there is a wave of new demand coming. Much of the bearishness surrounding lithium has been about the slower-than-expected uptake of electric vehicles in the developed world. But while sales may have been disappointing, lithium demand is set for strong increases in the next few years as electric heavy vehicles enter service, and as battery storage to firm renewables such as wind and solar becomes more widespread. It is this demand for lithium that will end up trumping any weakness in EV car sales, and it is set to accelerate strongly by 2030, which is coincidently near the time a mining company may be able to bring on new production assuming it starts development soon.