- Global lithium-ion battery market expected to reach $93.1 billion by 2025, growing at a CAGR of 17 percent
- High market demand driven by increasing adoption of electric vehicles, portable consumer electronics and grid storage systems
- Mobile Metal Ion geochemical survey initiated over select target areas within Irgon Lithium Mine Project to locate mineral deposits, provide data for subsequent drill programs
- Land package located in a well-established, prolific mining region of Manitoba, Canada, ranked as one of the world’s most mining-friendly
Vancouver-based exploration company QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) is at the forefront of a global drive to locate and extract one of the world’s most in-demand metals – lithium. As a key raw material for the manufacture of batteries that power electric vehicles and next-generation technologies, lithium is particularly sought after because of its high energy density and safety level. The global lithium-ion battery market is expected to reach $93.1 billion by 2025, growing at a CAGR of 17 percent, according to a new report by Grand View Research, Inc. (http://nnw.fm/0MdQy).
The use of lithium in energy storage systems is expected to witness the fastest growth with a CAGR of 21 percent over the forecast period of 2017 to 2025, Grand View Research states in its report. Developments in wind and solar photovoltaic technology in countries such as…
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