Albemarle estimates lithium market to grow at approximately 30% CAGR to 2025

Green Car Congress
By mmillikinSep 13, 2021, 3:30 am604 ptsHot
Albemarle, a leading global producer of lithium, bromine and catalyst solutions, expects lithium industry demand to reach 1.14 million MT LCE (lithium carbonate equivalent) by 2025—approaching approximately 30% CAGR—driven by increasing EV sales volumes and battery sizes. With battery costs declining and…

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