As the world continues to transition to electric vehicles, demand for lithium is expected to keep going up.
Lithium demand is showing no signs of slowing down, supporting the high price levels seen in the past year. And as electric vehicles continue to hit the roads, the need for lithium will only continue to grow.
Forecasts show that lithium demand could hit anywhere between 3 million and 5 million tonnes by 2030, Anthony Tse of investment firm Franklin Templeton said during a panel discussion at this year’s Benchmark Week.
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.