OTCQX:AVLIF - Post by User
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PetroLoonie1on Mar 02, 2018 9:24am
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SQM talks down lithium oversupply, market to grow 80% a year
SQM talks down lithium oversupply, market to grow 80% a year https://www.mining.com/sqm-talks-lithium-oversupply-says-market-grow-80-year/?utm_source=digest-en-mining-180301&utm_medium=email&utm_campaign=digest "Chile’s Chemical and Mining Society (SQM), one of the world's largest lithium producer, said global demand for the white metal, a key ingredient in the making of batteries that power electric vehicles, will continue to grow at rate of roughly 80% annually in the next five years.
According to chief executive officer Patricio de Solminihac, the world will need at least 50,000 tonnes of lithium a year until 2023 due to an expected increase in the use of electric vehicles and high tech devices, and the company wants to be ready to meet that demand."