With lithium demand expected to explode about eight times over by 2040, finding new lithium deposits has become top priority. Unfortunately, according to Morningstar.com, “Rising electric vehicle adoption and the increasing buildout of energy storage .
There is still considerable demand for lithium. In fact, according to Li-Bridge, global demand for lithium batteries is expected to jump five-fold by 2030, as noted by Reuters, which added, “Demand for lithium batteries in the United States is .
Analysts still don’t believe the world will have enough lithium supply to meet demand. As noted by Reuters, “Albemarle (NYSE: ALB), the world’s largest lithium producer, is growing rapidly across the Americas, Asia and Australia. Still, .
Lithium demand is only set to accelerate. In fact, according to Morningstar.com, “Rising electric vehicle adoption and the increasing buildout of energy storage systems will keep lithium demand growing to surpass 1 million metric tons in 2024, .
Lithium demand is only set to accelerate. In fact, according to Morningstar.com, “Rising electric vehicle adoption and the increasing buildout of energy storage systems will keep lithium demand growing to surpass 1 million metric tons in 2024, .