Commodities Used in Electric Car Batteries: An Update on Lithium and Nickel
Resilinc
NOVEMBER 1, 2023
Projected Growth in the Lithium Market Experts predict that the lithium market will continue to grow robustly at a compound annual growth rate (CAGR) of 12.3%, worth $7.49 billion in 2022. This, in turn, highlights the pivotal role of lithium in the high-tech industry’s pursuit of sustainable and clean energy solutions.
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