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Why the AI Boom is Boosting Lithium Demand

From cmegroup.com

The burgeoning AI market is boosting lithium demand. Last year, data centers powering chatbots and other applications drove a staggering rise for lithium-iron phosphate batteries, which help provide the stable energy supply these facilities require. These batteries, which are much larger than their lithium-ion counterparts used in electric vehicles (EVs), power so-called Battery Energy Storage Systems (BESS). These power stations are quickly dotting the U.S. and other parts of the world. BESSs capture energy from renewable sources such as wind and solar panels, or from the electricity grid, storing it using ... (full story)

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  • Category: Fundamental Analysis