Demand Climbs as Global Lithium Market Size Expected to Reach $9.03 Billion in 2024
A report from Grand View Research said that revenues will reach USD 9.03 billion in 2024 and the Increasing investments in EV manufacturing across the world are expected to positively influence the growth of the lithium market over the forecast period (2024 to 2030).
- A report from Grand View Research said that revenues will reach USD 9.03 billion in 2024 and the Increasing investments in EV manufacturing across the world are expected to positively influence the growth of the lithium market over the forecast period (2024 to 2030).
- In 2018, Interior Department listed lithium as a critical mineral, which paced up the mine permitting process.
- Grand View Research continued: “The market is characterized by a high degree of innovation to optimize both the manufacturing process, and also obtain high purity lithium.
- Players have invested in R&D heavily to optimize the usage of lithium in high-growth end use segments such as electric vehicles.