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Global Battery Industry Faces Significant Investment to Meet Lithium Demand

Livent Corporation (LTHM) 
Last livent corporation earnings: 2/20 04:15 pm Check Earnings Report
Company Research Source: PR Newswire
FN Media Group Presents USA News Group News CommentaryVANCOUVER, BC, Jan. 5, 2024 /PRNewswire/ --  USA News Group  -  A worrying trend that could threaten the world's shift to renewable energy is looming, according to 2023 analysis from Benchmark. In the report, Benchmark called for an increase of at least $514 billion across the global battery industry supply chain to meet expected demand in 2030, and $920 billion by 2035. Among the most compelling sources set to help meet the lithium gap is set come from what's known as the Lithium Triangle, which covers portions of Argentina, Bolivia, and Chile. The prominence of South America's lithium has created an increasing amount of competition between the West and China. Hence the flooding of investment and development coming from several promising projects in the region, including from Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), Allkem Limited (TSX:AKE) (OTCPK:OROCF), Livent Corporation (NYSE:LTHM), POSCO Holdings Inc. ( Show less Read more
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