Demand: bigger batteries need more lithium
Excerpt ----
With much bigger batteries comes much bigger demand for lithium carbonate and other battery components such as graphite and cobalt.
As the Musk revolution took hold, it did not take long for people to start making projections and checking out the state of supply of lithium – which until a couple of years ago was predominantly used for making ceramics, glass and other industrial applications such as grease.
What the analysts found was that a serious supply response would be needed if the projected demand for lithium carbonate was going to be fulfilled.
Most analysts now expect global lithium carbonate demand to double, or even triple by 2030.
https://smallcaps.com.au/lithium-stocks-asx-ultimate-guide/
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