2022 is Upbeat Too for Lithium
Further rise in lithium prices is likely as supplies for industrial use are incapable of meeting higher EV demand. The lithium-ion batteries are used for electric vehicles and energy-storage systems, and demand is high as the world is trying to transition from fossil fuels.
Simon Moores, CEO of Benchmark Mineral Intelligence, told Emerging Tech Brew that the EV industry is already facing a shortage of battery-grade lithium, and that price volatility will be a “three-year thing
Good News & Bad News, page-7546
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