Demand for Lithium Batteries to Increase Fivefold, EVs to Drive Further Growth

  • Demand for lithium batteries is expected to increase fivefold.
  • EVs will likely fuel further growth.
  • Lithium-ion batteries are used in a variety of electronic devices, from smartphones and laptops to medical equipment and electric cars.
  • They provide portable electricity across these gadgets and power tools.


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