A report by Roskill states that, globally, lithium demand growth is forecast to remain strong at over 19.7%py to 2030.
According to the market researcher, this demand is being driven by the manufacture of Li-ion batteries for use in automotive and energy storage system batteries, supplemented by the use of Li-ion batteries in other applications and more industrial uses of lithium products.
“Automotive batteries alone are forecast to see demand growth in excess of 28%py to 2030, accounting for over 75% of total lithium demand by 2030 and heavily influencing the types of lithium compounds required by the market,” the report states.
Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.