The demand for lithium has increased manifold in the recent past due to tight supply of the white metal. While the demand for electric vehicles (EVs) is on rise, the supply of lithium remains on the lower side. Lithium is one of the major elements used in production of batteries, which form the core of EVs. The price of lithium has ballooned over 500% in the last twelve months. This is what has kept investors’ interest high in ASX-listed lithium shares.
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