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Lithium mining companies to invest in to take advantage of Australia’s switch to renewable energy

Australian share market investors are set to benefit from putting their money into mining companies that specialise in the extraction of a key material needed for electric car batteries.

Australia’s lithium exports in the year to June surged by 737 per cent to $2.632billion. Exports of this mineral multiplied by eight times from $314million when the June quarter of 2022 was compared with the June quarter of 2021, new Australian Bureau of Statistics data showed.

Australia is also the world’s biggest exporter of lithium – accounting for 46 per cent of the world’s supply in 2020.

Like Australia, the US, UK, the European Union, Japan and South Korea are aiming for net zero carbon emissions by 2050 in a bid to address climate change.

Australian share market investors are set to benefit…

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