- Prevalence of electric vehicles is increasing demand for lithium
- Significant increase in lithium price and demand is projected for the years beyond 2020
- Employing a more reliable extraction method, QMC Quantum Minerals is uniquely positioned to take advantage of these market dynamics
The demand for lithium from battery makers is anticipated to nearly double in the years up to 2027. The automobile industry is expected to play a huge role in driving demand, as the world makes an increasingly pronounced shift toward electric vehicles. Companies like QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) are positioned to benefit from the opportunities created by these new market dynamics.
Demand for lithium stemming from lithium-ion battery manufacturers increased by 46 percent in 2017 and is anticipated to nearly double to 83 percent by…
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