The lithium industry is experiencing a rapid increase in demand due to the need for lithium-ion batteries, electric vehicles, and energy storage systems in the context of net zero strategies. Governments, manufacturers, and electric vehicle manufacturers are competing to secure lithium supply. Lithium is playing a key role in energy security and geopolitical patterns, with new players entering the mining market and innovative contractual structures being developed. While alternative battery technologies are being developed, lithium is expected to remain a critical metal with even higher demand in the future. Resource nationalism is a growing trend in the lithium industry, with governments around the world increasing their efforts to secure lithium supply.