Lithium prices rise as Tesla, Apple and Google fight over supply

The electric vehicle (EV) revolution is gaining ground.

According to expert projections, request for electric vehicles it is expected to increase at a compound annual growth rate (CAGR) of 21.1% through 2026.

The extraordinary demand forecast for electric vehicles over the next five years has now begun to trigger a massive disruption in global energy markets.

As demand for electric vehicles continues to rise, demand for lithium – the critical component needed for the batteries that power all of those electric vehicles – is also expected to rise.

According to Roskill Information Services, “The demand for chemical lithium from end-use sectors is projected to increase year on year to approximately 280,000 tons of lithium …

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