11 Best Lithium Stocks To Buy Now
In this article, we will take a look at the 11 best lithium stocks to buy now. You can skip our detailed discussion of the lithium market, its outlook and the role it is playing in the EV revolution and go to
Lithium is one of the most in-demand commodities across the globe given its immense use and benefits, especially in the battery market. According to a report by Deloitte, analysts have a consensus that the demand for lithium will double or even triple by 2030. Most of this demand will be coming from electric car companies. The same report said that the EV market is set to grow exponentially over the next two decades, fueled by a global push to achieve net-zero carbon emissions and cost-effectiveness of electric cars. According to a report by U.S. Geological Survey, batteries account for about 70% of lithium consumption worldwide, followed by ceramics & glass (14%).
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Scientists analysing samples of rock for the presence of lithium at a Cornwall-based laboratory say they are seeing better than expected results – and could potentially be capable of supplying one third of what the UK would need for an electric revolution by 2030. Lithium is a key component in rechargeable batteries, used in technology such as mobile phones, laptops and electric cars. British Lithium aims to extract lithium carbonate from the mica in granite and hopes to progress to full-scale production in three to five years’ time. A 13-tonne bulk sample was excavated by geologists at a location near St Austell where the company has been drilling over the last two years.