The global lithium mining market is anticipated to accrue a value of US$ 3.4 billion in 2032, as opposed to a valuation of US$ 1.66 billion in 2022. The target market is set to expand at a healthy CAGR of 7.43% from 2022 to 2032. Factors like the escalating adoption of lithium in glass and …
Tag Archives: Lithium Mining Market
Lithium Mining Market Set to Exceed US$ 3.4 Billion by 2032 Driven by Skyrocketing Demand from Automotive, Packaging, and Consumer Electronics Industries
Lithium is widely being adopted in the manufacturing of batteries for electric vehicles, owing to advantages such as longer lifespan, improved fuel efficiency, and low discharge rates. Increasing sales of electric vehicles are anticipated to spur demand for lithium in the forthcoming years, which in turn will augment the growth of the global lithium mining …