The hunt for lithium has heated up in Australia’s the Northern Territory (NT), as the price for the soft metal continues to climb thanks to the rise in demand for electric vehicles, among other renewable energy products. There are currently 12 companies exploring for lithium in the NT, although it is still too soon to predict if the local industry will take off, as exploration sites are, as yet, unproven.
The hunt for lithium has heated up in Australia’s Northern Territory (NT), as the price for the soft metal continues to climb thanks to the rise in demand for electric vehicles, among other renewable energy products. There are currently 12 companies exploring for lithium in the NT, although it is still too soon to predict if the local industry will take off, as exploration sites are, as yet, unproven.