lithium25 Mar 2021 16:29
Goldman Sachs is calling it “the new gasoline.”
Energy experts have dubbed it the "oil" of the future.
It’s a one-of-a-kind element, used in consumer electronics, computers, and communication — think everything from cell phones all the way up to electric vehicles... basically anything necessitating a compact, rechargeable power source.
And people want tons of it. The global lithium-ion battery market is expected to grow at a compound annual growth rate of 10.8% to reach $46.21 billion by 2022.
Lithium demand is going to far exceed production in the very near future and that’s led to a major jump in prices.