- Advancing technologies and market adoption of electric vehicles expected to fuel lithium-ion battery market growth to $93.1 billion by 2025
- QMC has initiated planning of a geochemical survey over select areas of its Irgon Lithium Mine Project
- The company has several advantages expected to reduce the time required for exploration and to bring the Irgon Lithium Mine Project online
A positive market outlook and advantages enjoyed by Vancouver-based QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) have placed the exploration company in a favorable position to benefit from projected higher global demand for lithium. The metal is needed as a key raw material in the manufacture of lithium-ion batteries, which are used to power electric vehicles, consumer electronics and energy grid power storage systems.
The global lithium-ion battery market is expected to reach $93.1 billion by 2025, growing at a compound annual growth rate (CAGR) of 17 percent, according to a report by…
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