Lithium 'opportunity' for oil industry players

摘要

OIL companies have the financial and technical credentials required to become involved in the extraction and processing of lithium, an important chemical in electric vehicle (EV) batteries, according the head of a company that closely tracks global lithium prices. Simon Moores, managing director of London-based Benchmark Minerals Intelligence, said demand from EV manufacturers for lithium-ion batteries is rising and within just a few years existing lithium suppliers will be unable to meet demand.