Quantum Ireland ICAV Announces New Lithium Research Department
DUBLIN, IRELAND / ACCESSWIRE / April 4, 2023 / Quantum Ireland ICAV announces a new branch of their research department dedicated solely to the study of the lithium market.Quantum Ireland ICAV is confident that their new research department, which utilizes their patented AI software RARFAC, will be able to find the most relevant and up-to-date information about all parts of the lithium market.
CTO Brian Delaney said, "With people looking for clean, sustainable energy sources and the EV market growing by leaps and bounds, lithium has quickly become the most sought after mined metal in the world. Quantum Ireland ICAV has dedicated an entire department to the research and analysis of lithium and the companies that use and mine it."
When you want to research where to invest there has always been one cardinal rule, follow the money. In the case of lithium, the majority of that money goes straight to the first world governments.
From our current analysis lithium looks to be one of the biggest winners in the race for mined metals over the next few decades. With the world shifting over to renewable energy production, there is a huge opportunity for those wanting in on the next big thing. Though our research and analysis views subjects from every angle, we are currently focusing in on the question, what about the lithium market in 2023?
First, our assessment of how lithium companies could perform this year. Further, we'll look at whether or not now is the time to get involved with lithium.
The reason we have dedicated an entire division to lithium is because of the huge future potential. Lithium is used in practically every type of power we consume. It's in the battery of the computers we use, not to mention the phones that are seemingly glued to our hands these days. On a larger scale lithium is powering electric cars, solar panels, virtually anything that requires a battery. We are edging closer every day to solid state batteries powering small commuter planes.
What's more, it's recyclable. That's one of the major benefits for those seeking access to a sustainable resource. It's a product that can be reused again and again. Not sent into the atmosphere, or thrown in the garbage.
From our most recent research into the the lithium market we have found an incredibly wide array of uses which includes potential for expansion into new areas. As our knowledge base continues to expand we are finding lithium is certainly something to consider now and in the future.
We have come to the conclusion from assessment of a massive compilation of data that this year we will see a major improvement in lithium companies and the stocks that are tied to them. Growth will come from several companies expanding. Yet, the biggest reason is those expansions is that they are backed by governmental support.
Around the world countries are putting their weight into clean energy production. Lithium is a major beneficiary. The United States, in particular, will see even more lithium production as the country looks to expand its electric vehicle production and try to beat out China for the top spot.
In our analytical opinion involving the case for lithium stocks, it's looking like a great time to invest in 2023. These are the facts:
The global lithium market size was valued at USD 1289.12 million in 2022 and is expected to expand at a CAGR of 8.38% during the forecast period, reaching USD 2088.97 million by 2028.
The main drivers of lithium demand growth are the increasing demand for lithium-ion batteries, particularly in the electrification of vehicles.
According to our RARFAC AI software, the current base-case analysis sees lithium demand of 3.3 million metric tons or a compounded 25 percent growth rate.
The electrification of vehicles is projected to attract a significant volume of lithium-ion batteries, thus anticipated to drive the market over the forecast period.
Additionally, in order to sustain demand lithium production must quadruple between 2020 and 2030 to meet, from 345,000 tonnes in 2020 to 2 million tonnes in 2030
In conclusion, our research department has found the demand for lithium is rising globally, and its supply chain from mines to batteries relies on only a few critical first world nations. The processes from mining to production are becoming more efficient and environmentally friendly. From our point of view lithium is not just a monetary investment, it is an environmental one as well, for both the short and long term.
To learn more about Quantum Ireland ICAV, you can visit their website at:
https://www.quantumirelandicav.com/
Company name: Quantum Ireland ICAV
Contact name: Chelsea O'Shea (International press officer)
Company address: 33 Sir John Rogersons Quay, Dublin 2, Dublin, Ireland
Website URL: https://www.quantumirelandicav.com/
Phone: +353 1963 5377
SOURCE: Quantum Ireland ICAV
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