We’re living in a battery materials world.
Lithium-ion batteries have powered consumer electronics and the smartphone revolution for years. But now that electric vehicles are starting to take significant market share from gas-powered cars, battery demand has shifted into even higher gear.
As this chart shows, prices of lithium carbonate, the commodity that puts the lithium in lithium-ion batteries, have shot to the moon this year.
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.