The smartphone in your pocket... the tablet on your nightstand... the fitness tracker around your wrist...
They’re all powered by the same industrial metal. And as technology becomes better, faster and smaller, experts predict thousands of tons of it will be needed to meet demand... 538,000 tons to be exact.
As you can see in today’s chart, technology is leading the charge in lithium demand.
By 2018, mobile phone manufacturers will require 15 million tons of lithium. The world’s 407 million laptops and tablets will need 12,700 tons. And 500,000 new vehicles will use up 28,000 tons. The energy storage industry will trim another 34,000 tons off of our lithium supply.
We’ll need to produce 1,500% more lithium over the coming years.
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