Lithium is a hot commodity in the mining, manufacturing, tech, energy storage, and automobile industries today. It has many uses, but the highest demand comes from the sectors in need of lithium-ion batteries. While the electronics industry has been a longtime consumer, a larger sector is poised to overtake them in terms of market share: the electric vehicles (EV) manufacturers. Their demand is now driving the lithium price.
Many see this phenomenon and are thinking of investing in automakers who are already laying the groundwork for mass production of EVs as a result. As with any type of investment, companies and organizations that have a stake in the EV or lithium production markets need to make decisions based on complete and correct data.Benchmark Minerals can provide the information you need, including lithium commodity prices and supply.
Lithium-ion is the more abundant mineral and the primary raw material for rechargeable battery packs. It is different from lithium metal, which has a high energy density but volatile nature; lithium-ion is stable and safer in charging and discharging electric energy.
Automakers like Nissan and Tesla may have created alternative formulations, but a large portion of the market still relies on lithium-ion. However, industry experts warn of a probable shortage in supply; and this projection, compounded by the increasing demand from EV manufacturers, could drive the price of lithium mineral higher by 200 percent.
Information is critical in an industry as bullish as lithium-ion. Companies and investors need to prepare for surges and dips in the market prices and supply.
If you are an investor or a representative of a company involved in lithium-ion extraction, production, and supply, you’ll have plenty of uses for our service. Benchmark Minerals is a trusted source of real-time and historical lithium-ion prices and other information on lithium-ion battery raw materials. Use the data our teams in China and Chile have gathered to map a profitable course for your company.
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