Lithium’s widespread use is nothing new, but the spotlight has been on the metal as demand for it grows quickly. Although it’s not a precious metal, companies have been quick to mine it because it has become a critical element in several fast-growing markets.
Demand for lithium is expected to keep increasing, driven by the battery-grade metal’s use in electric vehicle production and the telecommunications industry. Lithium-ion batteries are a favored battery technology to power not just EVs but consumer electronics like cellphones, tablets and laptops due to their high efficiency and energy density.
Before investors rush to add lithium to their portfolios, here’s what you need to know about the commodity and its potential…
The post How to Invest In Lithium Stocks as EV Demand Grows originally appeared at U.S. News & World Report.