Soaring commodity prices are bringing a Chinese lithium giant back from the brink ...Middle East

Quartz - Economy
Soaring commodity prices are bringing a Chinese lithium giant back from the brink
source : Quartz ( Middle East ) () 20
The global climate economy’s transition to clean energy will drive a huge increase in demand for a number of critical minerals. Among those, lithium is expected to see the fastest growth.Lithium is crucial to the clean energy transition because it’s widely used in lithium-ion batteries, including those powering electric vehicles. China currently dominates worldwide production of lithium chemicals used in batteries, accounting for nearly 60% of worldwide processing of lithium in 2019, according to the International Energy Agency.https://datawrapper.dwcdn.net/zmkAd/1/Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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