Wednesday, 21 June 2023

Battery Frenzy Ignites Demand for Domestic Lithium

China Currently Controls 80% of the Global Lithium Market...

The Battery Boom Creates New Lithium Investment Opportunities

Lithium-ion batteries are so important, the Nobel Prize for Chemistry was awarded to scientists who helped develop them.

They've fueled the boom in mobile electronic devices we use daily. Nearly every weapon system used for U.S. defense requires lithium-filled batteries. They're also vital to the fast-growing energy storage sector.

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But by 2033, over 90% of lithium-ion demand will go toward electric vehicle batteries. According to Fortune Business Insights, the American EV market will grow from $24 billion in 2020 to $137 billion by 2028.

Right now, China controls 80% of the global lithium market, making our country economically vulnerable. That's why the U.S. has laid out a 10-year blueprint that incentivizes more DOMESTIC mining ventures to help meet the staggering demand for lithium batteries.

See Why "Mined in America" Lithium Has Investors So Interested

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