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ENERGY MINERALS
Fully charged lithium
Lithium prices have doubled this year amid soaring global demand for the battery metal and supply scarcity. Russia's invasion of Ukraine has ignited the debate about the reliable supply of fossil fuels, and so strengthened the appeal of electric vehicles (EVs). Trading Economics reports that EV sales in China had already risen by more than 150% in 2021 to 3.2 million units, and sales are now expected to exceed 5 million units this year.
Deloitte expects EV sales to account for almost one-third of all new car sales by 2030. The resultant near-insatiable demand from electric-vehicle makers, and the long lead times for opening new lithium...
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