As Production Significantly Increases for Electric Vehicles, Lithium Demand Still Booming
- The global lithium mining market is projected to reach $2.1 billion by 2033, growing at a CAGR of 6.4%.
- Increased production of electric vehicles and rechargeable batteries drive the demand for lithium.
- Government investments in lithium mining aim to reduce EV battery prices and overall EV costs.
- None.
FinancialNewsMedia.com News Commentary -
Fact.MR concluded: "Government Investments for White Gold to Drive the Lithium Mining Industry… Lithium is often called white gold due to its demand and usability in energy as well as other industries. Lithium mining remains a prominent area of investment as lithium batteries are used in electric vehicles, battery-powered machinery, and others. The government is investing in lithium mining to reduce EV battery prices which ultimately reduces EV prices. On the back of such factors governments and companies are investing heavily in lithium mining."
Indigo Exploration Inc. (OTCQB: IXIXF) (TSX-V: IXI) BREAKING NEWS: Indigo Completes Sampling on Leduc-Legal Lithium Brine Project - Indigo Exploration Inc. (the "Company") is pleased to provide an update to the ongoing lithium brine sampling program in
About the Leduc-Legal Lithium Brine Project - The Leduc-Legal Project covers an area of 23,488 hectares and is comprised of the
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The commissioning process included connecting all major pieces of equipment to the piping and wiring systems on site. The team has also conducted a series of necessary inspections and system tests to ensure safe and successful operations. Each DLE system has demonstrated it is operating as expected based on the performance metrics established during pre-pilot testing.
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GLOBEX MINING ENTERPRISES INC. recently informed shareholders that Brunswick Exploration Inc. (OTCQB: BRWXF) (TSXV: BRW) have begun a minimum 5,000 metre drill program on the Lac Escale (Mirage) property under option from Globex. The 26-hole drill program will test continuity and widths of the six widest spodumene bearing pegmatite dykes that have been discovered to date on the property over a cumulative strike length of 2,500 metres. Previously Brunswick indicated that these dykes outcropped in widths of up to 80 metres. Prospecting has also identified additional spodumene-bearing outcrops approximately 4.5 km northeast of the center of the previously defined dyke field. The trend of the mineralized dykes now extends for about 6 kilometres with the boulder field extending for an additional 2.7 kilometres to the southwest. Both the extent of the outcrops and boulder train remain open in all directions.
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