OTTAWA (CU)_According to the World Economic Forum, demand for lithium-ion batteries, particularly for the powering of electric vehicles and for energy storage applications, is expected to grow exponentially. Accordingly, demand for critical metals is expected to accelerate by a factor of 6-24 by the end of this decade, while the market for refining and processing is expected to expand 14-fold during this period. In the case of batter components, demand is projected to grow 15- fold.
Accordingly, experts project this growth in demand to create annual revenues of…
