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.

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