Why Experts Expect Lithium Supply Will Keep Growing Along With Rising Electric Vehicle (EV) Demand
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Thursday, August 26, 2021
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A 2019 report estimated that demand for electric bikes and scooters would have a compound annual growth rate of 8% through to 2030.
Key Points:
- A 2019 report estimated that demand for electric bikes and scooters would have a compound annual growth rate of 8% through to 2030.
- Lithium, the world's least dense metal (Atomic number 3) is also integral to powering the digital economy mobile phones, tablets and laptops.
- Analysts at Citi predict that 75% of all mined lithium will go into EVs by 2025 but cars will be the segment to focus on.
- Lithium may also have a future role to play in the Holy Grail of cheap, limitless, zero carbon energy: nuclear fusion.