Batteries play a critical role in transitioning to a renewable-fuelled world. Over the coming years, most of the battery demand is expected from the electric vehicle space.
*The strong demand for batteries is reflected in the price of battery raw materials such as lithium.
*Many ASX-listed lithium players have given excellent returns in the last one year.
*Australia is the largest exporter of lithium globally. In 2020, the country produced 49% of the world’s lithium, according to the Resources and Energy Quarterly March 2021 report by the Australian government.