$Global X Lithium & Battery Tech ETF (LIT.US)$ Demand for th...

$Global X Lithium & Battery Tech ETF(LIT.US)$ Demand for the materials used in electric cars and renewable-energy storage has surged lately, while miners are striving hard to boost supply. The market has now run into a deficit. Investments in the sector has worsened lately with the pandemic causing supply constraints.As prices increase now, there will be unknown yet-to-be-announced projects and expansions that will help to increase supply to meet demand. That is almost a certainty. What is not certain is just how many unknown projects there are out there.There’s also a possibility that not enough lithium can be mined, then it could risk a slower EV roll-out $Tesla(TSLA.US)$ $NIO Inc(NIO.US)$