Global demand for lithium is projected to rise 8.9 percent per year through 2019, according to a research study.
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The Freedonia Group study projects demand for the metal will reach more than 49 thousand metric tons by the end of next year. The prediction is the result of expansions in the lithium-ion battery industry driven by increased demand for electric vehicles, energy storage systems and portable electronics.
The value of the global lithium market could rise to $1.7. Some experts believe these estimates may be too conservative, as the market for the mineral continues to out-pace expectations and demand remains significantly higher than supply.
