Breaking New Ground

The Star of the Ring...

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All of these vehicles will require lithium-ion batteries – that’s why lithium demand is skyrocketing.

 

And wait, there’s more. Consider these recent developments:

 

  • Tesla and Panasonic have begun producing high energy density lithium-ion batteries at their gigafactory in Nevada.
  • Experts are now saying that worldwide demand for lithium will hit 700,000 metric tons by 2025[2]. That would be a 300% increase from today.
  • The auto market is changing right in front of our eyes: forecasts are calling for annual sales of 30,000 to 80,000 for the Chevy Bolt, and Volvo has announced plans to sell more than 1 million electric vehicles by 2025.

 

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