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Demand for lithium is fueling a modern-day gold rush.
The industries that define our modern world, like artifiial intelligence (AI), robotics, EVs, and energy, all depend on lithium, which is used to make batteries and other energy storage systems. Microsoft CEO, Satya Nadella believes that the AI race will be won based on energy costs, not on who has the best models.
That’s why lithium demand is projected to grow a staggering 5X by 2040.1 That growth is an opportunity for investors. As Elon Musk bluntly put it, “Do you like minting money? Well, the lithium business is for you.”
One company translated this demand into substantial valuation growth since 2018, officially reaching the $1B unicorn territory last year.
Meet EnergyX. It has developed patented technology that the company says can recover 3X more lithium than traditional methods. The company says this breakthrough has already earned them more than $150 million in investments, including strategic investment and partnership from General Motors and POSCO, and a $5M U.S. Department of Energy grant.
Image Credit: EnergyX
*Prices displayed have been adjusted to reflect the stock splits.
Now, EnergyX is at a pivotal transition stage, moving beyond proving the technology and into commercial-scale deployment, just as global lithium demand accelerates.
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