Starting about two years ago, fears of a lithium shortage almost tripled prices for the metal, to more than $20,000 a ton, in just 10 months. The cause was a spike in the market for electric vehicles, which were suddenly competing with laptops and smartphones for lithium ion batteries. Demand for the metal won’t slacken anytime soon—on the contrary, electric car production is expected to increase more than thirtyfold by 2030, according to Bloomberg New Energy Finance.
Annual global electric vehicle sales are forecast to hit 24.4 million by 2030…Bloomberg
Read More at:https://www.bloomberg.com/graphics/2017-lithium-battery-future/?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social
Lithium and other mineral resources that Nigeria, Western Africa is blessed with are a major means for industrial growth in the country.
Lithium is a metal and is soft with a silvery-white colour which changes to a dull silvery-grey colour and then to black tarnish on exposure to moist air and this occurs due to corrosion of the surface. It is found in Nasarawa and is deposited in abundance in the State.
Read More at:http://www.finelib.com/about/nigeria-natural-resources/natural-deposits-of-lithium-li-mineral-in-nigeria/120