- Lithium demand is seen as being long-term and relentless
- This market dynamic creates favorable conditions for resource development companies like QMC Quantum Minerals
- QMC is already at work to initiate sustainable lithium production at its Irgon Lithium Mine Project
Global lithium demand is anticipated to triple by 2025, driven primarily by expanded lithium-ion battery production for the electric vehicle market. According to a lithium market update, demand for lithium grew by more than 27 percent in 2018 (http://nnw.fm/94uXb) and is expected to grow at rates above 20 percent in 2019.
Forecasts suggest that lithium demand will continue growing at healthy levels well beyond 2019. Some analysts believe that demand for one million tons per year could be reached much sooner than…
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