Page 17 - விண்மீன் வளங்கள் வரையறுக்கப்பட்டவை News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Lithium Mining Market Next Big Thing | Major Giants Albemarle Corporation, SQM, FMC Lithium, Nemaska Lithium
marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.
Posted on 310
ResearchAndMarkets.com’s offering.
The global battery metals market was valued at $11. 3 billion in 2019, and is projected to reach $20. 5 billion by 2027, growing at a CAGR of 8. 2% from 2020 to 2027.
Battery metals are the raw materials used in the production of batteries such as lithium, nickel, cobalt, manganese, and graphite. These battery metals are increasingly used in batteries for electric vehicles, consumer electronics, and other applications. Lithium metals are extracted from the brines and hard rock deposits present in the economies such as China, Americas, Australia, Canada, Brazil, and Portugal. Cobalt is most widely used as the cathode material in the lithium-ion batteries. Nickel is used in battery applications, owing to its high energy density and storage capacity.
These ASX shares have more than doubled in 2020
James Mickleboro | December 23, 2020 6:56am |
More on: Image source: Getty Images
Despite the negative impact of the COVID-19 pandemic on the share market this year, a good number of shares have recorded very impressive gains.
Three that have even managed to double in value in 2020 are listed below. Here’s why they are on fire this year:
The Fortescue share price is up a sizeable 120% since the start of the year. Investors have been buying the mining giant’s shares following a sharp rise in the iron ore price. Due to supply concerns in Brazil and robust demand for the steel making ingredient in China, the iron ore price recently hit a nine-year high of US$176.90 a tonne. This compares to the company’s C1 production cost of just US$12.74 per wet metric tonne.
Global Battery Metals Market (2020 to 2027) – by Metals Type and Application – Padovanews
padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
vimarsana © 2020. All Rights Reserved.