Metaverse’s Lithium Demand Boost May Ebb With New Tech. You may not know this, but the demand for lithium is skyrocketing. Over the past 12 months, lithium prices have seen and incredible 700% increase. That’s largely due to expanding demand for lithium used in battery technology.
The complex inter-political and international discourse around lithium is too complex to write about here. Suffice it to say, there are a lot of problems confronting modern companies in almost every country when it comes to lithium.
It’s not just lithium, either. It so happens that cobalt and palladium are in high demand as well. Those metals also form key components of the battery industry. Incidentally, many counties have issued completely unattainable, or at least highly speculative goals for reducing emissions. These plans often include pledges to use more lithium-ion batteries.
As a consequence, the demand is going up. Now let’s talk about Metaverse and what role its playing. As demand for better and more sustainable technologies increases because of the Metaverse, the supply will hopefully adjust to compensate.
This means, in an indirect way, the Metaverse and all it provides are helping us to find solutions to these crises. Who knows how long the lithium trade can sustain this kind of activity before it becomes a problem. New tech will be a necessity very soon. MetaNews is bringing you the latest news on the subject of the Metaverse and all that goes on in it. Metaverse’s Lithium Demand Boost May Ebb With New Tech.