Recent Spike in Usage of Lithium-ion Batteries Strengthening Lithium Market
Today's lithium industry is experiencing a resurgent uptick as major and junior miners race to increase mining efforts in order to maximize the revenue potential that comes in hand with the precious metal. The global lithium market for batteries was the largest segment during the past few years and is expected to maintain its dominance throughout the coming year and possibly beyond.
The growing application of lithium-ion batteries in electric vehicles (EV) as well as many consumer electronics and telecommunication devices including computers, mobile phones, and other electronic products is expected to continue to drive the growth of this market segment. The growing demand for EVs, hybrid EVs, and consumer electronics devices has resulted in the increasing use of lithium in these devices
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