Lithium Market Explodes At Non-Stop Speed

Perhaps “exploding” is a sensitive word to use when describing lithium batteries and related products, but according to researchers MarketNewsUpdates the consumer market is allegedly exploding with consumer demand for the latest portable electronic devices, portable electric tools and even electric automobiles. And it claims it’s no secret that the lithium industry continues to grow rapidly, largely because the metal is a key component of lithium-ion batteries that power those portable devices.

 

US Geological Survey (USGS) recently released data showing that the world's top lithium-producing countries are currently in high gear to meet that growing demand. The lithium mining sector shows no signs of slowing down and is being predicted to grow at a steady pace driven by the use of lithium compounds in manufacturing high-performance lithium-ion batteries allowing global companies to ramp up production and mining efforts.

Free Newsletter

Like this article? Subscribe to FierceSensors!

The sensors industry is constantly changing as innovation runs the market’s trends. FierceSensors subscribers rely on our suite of newsletters as their must-read source for the latest news, developments and analysis impacting their world. Register today to get sensors news and updates delivered right to your inbox.

 

http://www.marketnewsupdates.com

Read more on

Suggested Articles

OmniVision's new OX01F10 SoC module provides automotive designers with a small form factor with low-light performance, ultra-low power and reduced cost.

Several industry leaders have formed a QSFP-DD800 Multi-Source Agreement (MSA) Group to expedite development of high-speed, double-density, quad small form…

NXP Semiconductors N.V. has announced its secure fine ranging chipset, SR100T, to achieve precise positioning performance for next-generation UWB-enabled…