Electric cars put lithium miners on fast track

In the next 10 years, lithium output and demand is likely to double as automakers roll out hybrid and electric cars using lithium-ion batteries.

The press release is quoted as saying:

But while lithium is fairly abundant, it is not easy to find a cost-effective deposit and process the highly reactive metal. That points to increased M&A activity for companies with promising reserves but only a distant chance of production.

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