The increase in production of electric cars by automakers has dramatically increased the demand for lithium, the main component of batteries currently used, at least until the current chemistry is replaced by valid alternativesbut the supply of the metal is rather limited and this also led to a considerable price increases and a feverish search for new fields.

According to a recent survey, the lithium market has registered an increase of 10% compared to last year and according to experts, the demand is destined to increase considerably under the pressure of the producers of electric cars, who intend to considerably increase the production of zero-emission vehicles.

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Grand View Research, author of the survey, commented: “The rapid development of battery technologies is driving demand for LiOH, thus driving market growth, with global automakers planning to invest over half a trillion in electric vehicles and battery technology. For this reason, lithium prices have increased by more than 400% since 2021 and remain close to record prices. Meanwhile, the new incentives for clean energy should push the market even higher. The US Senate has just passed the largest bill on the climate never achieved, with over $ 400 billion in clean energy funding over the next 10 years. “

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Lithium mining will also go hand in hand: in January in the United States the Bureau of Land Management gave the green light to Lithium Nevada Corp’s Thacker Pass Mine to explore new mining sites and expand existing ones. . With these premises, the mining company expects to become the largest lithium supplier in the Confederation, with a production capacity of approx. 80 kilotons by 2026.


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