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HowardHughs

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HowardHughs

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Sunday, 07/15/2018 6:12:17 AM

Sunday, July 15, 2018 6:12:17 AM

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Demand for Lithium-Ion Batteries Expected to Double by 2024
http://www.futurecar.com/2460/Demand-for-Lithium-Ion-Batteries-Expected-to-Double-by-2024

Soon, demand may outweigh supply.

Currently, smartphones are the leading application (consumer electronics gobble up 50%). But that may soon change with the proliferation of EVs.

The level of investment in the raw material part of the chain (hard rock mines and brines) is accelerating, but needs to accelerate faster," said David Whitten, Head of Global Natural Resources and a Fund Manager at Janus Henderson Investors.

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