President Joe Biden has proposed spending $174 billion to boost EV sales and infrastructure. "Albemarle, the world's largest lithium producer, aims to double its production capacity to 175,000 tonnes by the end of the year when two construction projects are complete. Chile's SQM, the No. That could boost the prices consumers pay for EVs. "Companies across the lithium-ion supply chain are in the best position they've been in for the last 5 years," said Pedro Palandrani of the Global X Lithium & Battery Technology ETF , which has doubled in value in the past year.

Source: Economic Times May 07, 2021 09:44 UTC