Barely two months ago Albemarle told investors that demand for lithium carbonate equivalent would be 1.5 million tonnes in 2025 and 3.2 million tonnes in 2030.
EV demand fastest growth sector
While lithium goes into a range of sectors, Albemarle predicted that electric vehicles powered by lithium-ion batteries would be easily the biggest and fastest growing source of demand.
The company predicts 15.7 million electric vehicles will roll out of auto-manufacturing plants this year; up…
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