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Emerging Trends in Lithium Space - ASX Lithium Stocks in Spotlight!
Sept. 20, 2022, 7:30 a.m. AEDT
Dr. Amir Razmjou & James Preston
Lithium is one of the lightest alkali metals and highly reactive elements. Its name is derived from Greek word “lithos”, which means stone. It is extracted from two main sources i.e., ore mining and salt deserts. Australia is the main source of ore mined lithium, while Chile and Argentina are well known for salt deserts or salaras.
Lithium can store a lot of electricity. The symbol for lithium is Li and atomic number is 3. It has the highest charge to weight ratio, and this is the reason it has become one of the most precious metals. Lithium usage also helps in reducing carbon emissions.
Stock market enthusiasts are now tracking lithium stocks actively as the demand for the metal is continuously rising. Australia was the largest producer of lithium with an approximate output of 55,000 metric tonnes in 2021 according to a report titled ‘Global Lithium Mine Production Top Countries 2021’ by Statista. Lithium demand has hit record levels in the past few years, and the two key contributors to this rise in demand are:
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