PLL News: Elon Musk Says Lithium Demand Will Continue to Boom — Here Are 2 Stocks That Could Benefit - 11th Aug 2022, 11:28pm

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Let’s talk about electric vehicles (EVs) and their batteries. The high price of gasoline – still up about $2 since President Biden took office – has boosted interest in EVs. Greater customer curiosity will lead naturally to higher demand, and now we get to batteries, and lithium.

Lithium is a metallic element essential in the construction of high-voltage battery systems, and every EV built needs an average of 8 kilos of the metal. Industry experts are saying that lithium demand w...

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