WHAT IS LITHIUM?
The silvery-white element is the lightest metal and highly reactive, giving it strong energy storage potential per unit of weight.
This makes the alkali metal the mainstream choice for EV batteries, where high energy density is key to enabling long distances between charging.
IS LITHIUM EXPENSIVE?
Lithium is abundant, but it takes substantial funding to extract it from ore or brine. The price has seen boom-bust cycles in recent years as producers have ramped up production to benefit from rising prices, but then created a glut.
HOW MUCH IS LITHIUM DEMAND EXPECTED TO RISE?
EVs are a key part of the plan to meet zero carbon goals to curb climate change, so lithium demand has been rising.
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. Cadence Minerals holds approximately 7.2% percent of the equity in European Metals Holdings.