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Lithium Battery Value Chain & Key Players
Lithium is more than just an element on the periodic table; it's the lifeblood of not just the EV revolution but also ceramics, glass, lubricating greases, and more.
Demand for lithium is continuing to skyrocket, largely due to the high demand for electric vehicle batteries.
A key component for EV batteries is lithium carbonate, which is expected to surge from 500,000 mt in 2021 to over 3-4 million mt by 2031.
These chemicals and precious metals are specifically used for electric vehicle battery manufacturers and electronic goods manufacturers working hard towards electrification and green mobility.
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The State of the Electric Vehicle Revolution 2023
Global electric vehicle (EV) stock has surpassed 30 million, and China is home to over half of all the EVs on the world’s roads. 1 in 7 new cars sold last year was electric, and by 2030, we will have 138 Million EVs.
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