Lithium Market Soaring, Driven by Battery-Powered Electronics, Automotive Industries
Lithium remains a key commodity for the future due primarily to a rising worldwide demand for rechargeable lithium-ion batteries. Used to power many consumer electronics and electric vehicles, the market for lithium-ion batteries is rapidly growing, on pace to reach $46.21 billion in the next five years. To meet this rising demand, leading lithium mining companies such as MGX Minerals, Inc. (CSE: XMG OTC: MGXMF) (MGX Minerals Profile), Albemarle Corp. (ALB), Sociedad Química y Minera de Chile S.A. (SQM), FMC Corp. (FMC) and Galaxy Resources Limited (GALXF) are tirelessly working to find new, cost-effective ways to successfully extract this valuable…







