Surging lithium demand outstrips forecast

Global demand for lithium is accelerating at a faster clip than previously thought, according to the world’s second-largest producer of the rechargeable battery ingredient.

With electric-vehicle demand surging more than 150% in the first half from a year ago, price growth is exceeding SQM’s expectations, the Santiago-based firm said Thursday. 

The improving outlook — as the transition to clean energy and transport gains momentum — has SQM forecasting that global demand for lithium could increase more than 40% this year, translating into sales volume of more than 95,000 metric tons. 

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.

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