Business
Investors flock back to lithium as battery bust turns to boom – MINING.COM – MINING.com
Investors are betting big on a lithium comeback less than three years after prices of the metal used in rechargeable batteries collapsed.
Thats seven times the total amount raised from 2018 to 2020, when the industry was in a downturn.
Interest in the industry is resurgent as electric-vehicle targets set by global automakers and a change in the US administration signal that a battery boom is finally gathering momentum. After the punishing three-year sell-off, prices of the soft silvery-white metal have started to rebound, and analysts, including those at BloombergNEF, expect further gains on rising demand and tight supplies of battery-grade…
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