Demand Climbs as Global Lithium Market Size Expected to Reach $9.03 Billion in 2024
Lithium Americas (Argentina) Corp. Common Shares (LAAC)
Company Research
Source: GlobeNewswire
PALM BEACH, Fla., April 02, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Experts see that all indications are that the Lithium market will continue to rise past 2030. A report from Grand View Research said that revenues will reach USD 9.03 billion in 2024 and the Increasing investments in EV manufacturing across the world are expected to positively influence the growth of the lithium market over the forecast period (2024 to 2030). The report continued: “U.S. holds major significance in battery production after China, which makes it one of the key lithium-consuming countries in the world. The country has huge reserves of this important metal. According to USGS, lithium resources from brines and minerals accounted for 7.9 million tons in U.S., in 2022. Market players in U.S. are focusing on getting a hold on the battery supply chain due to increasing production of EVs in the country and as transportation of batteries is dangerous. In 2018, Interior Department listed lithi
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