$Tesla (TSLA.US)$$NIO Inc (NIO.US)$$Li Auto (LI.US)$ As dema...

$Tesla (TSLA.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ As demand for electric vehicles has continued to grow over the past decade, so has demand for lithium. Because lithium is the lightest metal, with the highest charge-to-weight ratio, it is used in batteries for electric cars. Andrew Miller, COO at Benchmark Mineral Intelligence, expects growth in the number and size of batteries used in electric vehicles to account for more than 90% of lithium demand by 2030. The company also expects demand for lithium carbonate to rise to 2.57 million tons in 2030 from about 354,000 tons in 2020.