Lithium Refining: License To Print Money

🪫🪫 Demand for lithium is expected to grow roughly fivefold between 2022 and 2030, driven mostly by increasing demand for electric vehicles. Battery-electric and plug-in hybrid came in at more than 10 million vehicles in 2022, up roughly 50% from 2021. Wall Street expects growth of about 30% to 40% in 2023
By 2030, batteries are expected to account for 95 percent of lithium demand, and total needs will grow annually by 25 to 26 percent to reach 3.3 million to 3.8 million metric tons
Investors Take Note: Refined lithium prices have gone from a low of less than $6,000 a metric ton to more than $71,000 a metric ton over the past few years. The increase in lithium prices has added very roughly $2,000 to the price of an average EV over that span
Albemarle, the world’s largest lithium miner, Is Building Its ‘Mega-Flex’ Lithium Refining Plant in South Carolina
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