Editor OilPrice.comTue, March 1, 2022, 5:00 PM
Lithium prices are through the roof, and they’re not going down any time soon. As an essential component of electric cars and solar power, the demand for lithium-ion batteries is going to keep on climbing as the world tries to make good on its decarbonization pledges. In fact, according to estimates from the International Energy Agency, global demand for the “white gold” is projected to increase by a stunning 4,000 percent by just 2040 if global climate goals are met.
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