Although there is an adequate amount of Lithium resources available globally to cater to the demand, almost 70% of the global Lithium reserves are concentrated in South Americas ABC (Argentina, Bolivia, and Chile) region.0% of the worldwide Lead usage with high recycling rate across the globe. Ultimately, market will drive the demand, and the market of automobiles, UPS and electrification storage is set to grow mammoth across the world. Furthermore, rising population and traffic congestion are expected to fuel the demand for e-bikes, which, in turn, is likely to boost industry growth over the upcoming years. Lead Acid batteries have been around for nearly 150 years "with no significant improvements to the technology."New battery chemistries that include Zinc are ready for large-scale deployment in the energy storage industry, as the materials now meet the necessary criteria to achieve widespread adoption."Safety becomes more important as it comes close to populations," he said.com. We tend to see a performance gap in existing technologies to meet energy storage needs" Craig Wilkins added. The growth is coming from both automotive and industrial sectors powered by usage in telecom, railways, power and other industrial applications. Expansion of the automotive industry in China, India, Brazil, Mexico, South Africa, Indonesia, and Germany is anticipated to drive industry growth.9 billion, Nickel $9 billion and Lithium $6.

They have the advantage of being more cost-efficient over the long term, although individual batteries are more expensive. Lithium-ion batteries are gaining momentum in the global battery market.Lead Acid battery chemistry is expected to be the fastest-growing chemistry segment of the global battery recycling market. Speaking at the Advanced Automotive Battery Conference in Mainz Germany, he said, "If the EV market even reaches 25% that means the key energy storage system used to electrify cars in 2025 will be the advanced Lead battery technology".Meanwhile, global OEM Bolt Sleeve Anchors commercial reserves for Lead total 79 million tonnes, Nickel 71 million tonnes, Vanadium 13 million tonnes and Lithium 10.e.Another leading factor is safety—the chemistries must be safe and free from toxic materials.

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