[ADVISOR VIEW] From electric vehicles powered by renewable energy and lithium batteries to hydrogen fuel cells, innovations are paving the way for cleaner mobility: Franske Neiteler - PSGWealth Pretoria-East. Moneyweb Lithium
In the quest for sustainable transportation, future fuel and energy sources for vehicles are evolving. From electric vehicles powered by renewable energy and lithium batteries to hydrogen fuel cells, innovations are paving the way for cleaner mobility.
The future of hydrogen as a method of energy storage could be monitored as a replacement for PGM demand in a revolutionised transportation sector. Now it seems like the demand for lithium driven by electric vehicle adoption has the upper hand in the battle for a sustainable fuel to drive our future mobility.
According to Bloomberg, lithium demand is projected to triple by 2025, with further exponential growth expected in the coming decades. This surge in demand presents both challenges and opportunities for lithium mining companies. Projections by one of the largest lithium mining companies, Albemarle, below show a similar increase in demand as the market penetration of electric vehicles accelerates.Lithium mining companies face various challenges that could impact their future operations.
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