With Brent crude oil closing in on $90 per barrel on Wednesday, Bank of America energy analysts have boosted their price forecast for this year to average $86 per barrel and peak this summer at $95 per barrel
The U.S. possesses significant lithium resources, with 94.8 million metric tons of LCE in existing projects, providing opportunities for domestic production and meeting growing demand for lithium-ion batteries in the EV industry.