TSLA - Atlas Lithium (NASDAQ: ATLX) Secures Partnerships With Suppliers To Tesla BYD And Secures Funding From Mitsui & Co. To Fuel Growth | Benzinga
As global leaders are diligently working to keep global warming under the 2° Celsius mark, they are looking to embrace modernized technologies like renewable energy and electric vehicles (EVs). To do so, the global economy will need to transition away from resources like oil and instead ensure the supply chains for newer technologies like electric vehicle batteries and energy storage systems.
One of the key materials that is needed to ensure this future is lithium, which is a major component of modern lithium-ion batteries. In 2021, Australia had the highest lithium mine production in the world; however, Chile, China, Argentina and Brazil are also major contributors to global lithium production. With the increasing global demand for lithium – with the market size for the metal projected to grow at a CAGR of 20.4% from 2023-2028 – the development of new lithium projects in regions with large reserves is crucial for meeting the growing needs of the electric vehicle and renewable energy industries.
Atlas Lithium Corporation (NASDAQ:ATLX) ...