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It was stated that the supply for electric vehicles appear to be having a hard time meeting the possible demand. As a result, the potential demand for lithium seems to be robustly moving.
Meanwhile, it was said that according to Reuters, the EU claim that in order to meet its climate neutrality goal, it will need to approx.18x more lithium than it currently has. This figure could possibly went to approx. 60x by 2050. Additionally, EV battery market alone could possibly went to approx. $133.46 billion by 2027, it is no wonder why Bloomberg forecasts the lithium could possibly went to approx. 9x by 2030.
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