Lithium-ion industry to take centre stage in next five years

At least 12 lithium and six cobalt transactions have been closed between downstream manufacturers and mining companies since 2016, signalling a changing trend in procurement strategy. This, commodity research consultancy Roskill said in a statement on Friday, shows that the lithium-ion (Li-ion) industry has developed rapidly in recent years with the advent of mass-produced electric vehicles, with predictions that the industry’s requirement for lithium and graphite could increase fivefold within the next decade.