The Electric Future of Lithium as it Aims to Meet the Global Delta, British Columbia--(Newsfile Corp. - September 2, 2022) - Investorideas.com, a leading investor news resource covering lithium mining and EV stocks releases a special report on the continued demand for lithium, featuring Infinity Stone Ventures Corp. (CSE: GEMS) (OTC Pink: TLOOF). Infinity Stone's mission is to be a diversified, single source supplier for the critical energy metals being used in the clean energy revolution.
Read the full article on Investorideas.com:
https://www.investorideas.com/News/2022/renewable-energy/09020Electric-Future-of-Lithium.asp
As more countries push forward with their green energy initiatives, the EV sector is driving growth for new lithium mining developments.
In recent news, "The global lithium-ion battery market is expected to grow by a factor of five to 10 in the next decade. Reaching aggressive targets for electric vehicles (EVs) and battery-based energy storage system production relies on materials such as lithium and rare earth metals. However, material shortages could stall the manufacturing of some clean energy technologies, which is concerning from a climate perspective."
Lithium is a critical material in manufacturing the batteries used in EVs and energy storage systems. However, from September 2021 to March 2022, the price of the element increased by more than 400 percent, though it has recently leveled off. Nevertheless, skyrocketing material costs will result in higher prices for consumers.
Joe Lowry of Global Lithium doesn't expect future lithium supplies to keep up with demand. "In the next two years, even though there will be significant growth in supply, it will be less than demand, so the gap will just continue to grow," he explained in a recent interview with Bloomberg.
So how are companies looking to address this supply shortage right now?
https://www.newsfilecorp.com/release/135709