Soaring Demand for Lithium Fuels Exploration and Production Race
NetworkNewsWire Editorial Coverage: A January report from Zion Market Research projects the global lithium-ion battery market, worth around $31 billion in 2016 and dominated by Asia-Pacific producers such as China, is on track to grow at a CAGR of 13.7 percent through 2022, ballooning to over $67.6 billion (http://nnw.fm/9gEz3). Australia, Chile, Argentina and China are responsible for the lion’s share of global lithium production (around 93 percent) — about half of which is currently consumed by battery production. Prices per ton for the two main types of lithium (hydroxide and carbonate) have jumped from around $6,500 in 2015 to recent…







