Lomiko Sees 500% increase in Graphite Demand
Lomiko Sees 500% increase in Graphite Demand
Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) has monitored news from Automakers in 2020 which indicates a strong trend toward Electric Vehicle (EV) adoption by consumers and a subsequent 500% demand increase in graphite when all end-products are considered.
The electrification of transport continues to be one of the major positive trends of the 21st century. A report by Deloitte’s global automotive team predicts that by 2030, EVs will likely account for 81 % (25.3 million) of all new EVs sold. The global EV forecast is for a compound annual growth rate of 29%.
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