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This interview was recorded on June 28, 2022.
Interest in lithium has grown in the past two years, with many investors turning to the sector as prices for the battery metal climbed to all time highs.
To get more insight on developments in the lithium space, the Investing News Network sat down with Ken Hoffman, senior expert at McKinsey.
“Prices went up a lot last year, almost 1,000 percent, so that’s a lot,” he said. “And the reason they went up a lot was because demand for electric vehicles just exploded. Lithium-iron-phosphate batteries in China were up 170 percent, and nickel-cobalt-manganese batteries were up over 100 percent. No commodity can quickly react to that.”
#Investing #BatteryMetals #Lithium
0:00 – Intro
0:32 – Overall lithium sentiment
1:48 – Risks in the lithium industry today
3:36 – A middle-ground view on supply
5:43 – Lithium supply growth around the world
7:22 – Investments in the lithium space
8:59 – DLE and DLP technologies
11:54 – Battery recycling
13:51 – Other battery metals to watch out for
15:02 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.