Global lithium-ion battery market expected to exceed $60B by 2024: report

Li-ion has been taking off due to the ease of availability, high energy density of the batteries and their longer discharge cycles, according to the Global Market Insights report. Beyond electric vehicles and energy storage, the U.S. market will see changes due to the “growing adoption of smart devices coupled with a shift toward digitisation across industrial and healthcare sector,” according to the report’s summary.

BNEF estimates the 2024 annual investment will be approximately $13 billion, more than doubling the roughly $5 billion annual investment in 2018, Goldie-Scot said.

European Metals Holdings Ltd (LON:EMH) are an Australian and UK listed mineral exploration and development company advancing the Cinovec Lithium / Tin Project in Czech Republic. Cinovec hosts the largest lithium resource in Europe, and one of the largest undeveloped tin resources in the world. 

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