The Lithium Market Is Booming
UNITED LITHIUM CORP. (CSE:ULTH | OTC:ULTHF)
With the push for green energy surging throughout the European Union and worldwide, the lithium-ion battery market is projected to hit $1 trillion globally by 2026. While these batteries have been used in smaller devices for years, they’re reaching a tipping point in the devices taking over the markets today. They’re now powering every smartphone, every major electric vehicle battery, and even many medical devices. That means industry leaders like Apple and Tesla rely heavily on lithium to build the products their customers love. And with every new device that’s rolled out with these batteries inside, the demand for lithium continues to rise. But at this point, about 80% of all lithium-ion cell production is coming out of China. This doesn’t sit well for many countries, with concerns about being beholden to the Chinese government threatening supply chains. That’s why the EU has been pouring in…