LITHIUM
What is Lithium?
Lithium, a lightweight metal renowned for its exceptional energy storage capabilities, is a vital component in rechargeable lithium-ion batteries, widely utilized in various electronic devices and playing a pivotal role in the electric vehicle (EV) industry's advancement.
[ Lithium Carbonate Equivalent, LCE ]
Lithium Carbonate Equivalent (LCE) serves as a standard unit to quantify lithium content in different compounds, particularly lithium carbonate, essential for evaluating the efficiency of the lithium supply chain and assessing the economic viability of extraction projects.
[ Lithium Hydroxide Monohydrate, LHM ]
Lithium Hydroxide Monohydrate (LHM), another crucial lithium compound, contributes to the production of high-performance lithium-ion batteries, offering benefits like extended battery life and improved thermal stability, making it increasingly valuable in advanced energy storage solutions.
Lithium Market
The current lithium market is dominated by three major countries: Australia, Chile, and China.
*Source: United States Geological Survey (2023)
With lithium-ion batteries currently dominating the market and lithium metal-based alternatives emerging, the demand for lithium is expected to skyrocket, especially with increasing usage in renewable energy plants and EVs. Existing lithium projects may struggle to meet demand by 2026, and demand is projected to double by 2035.
Driven by the race for Net Zero Emission and the surge in EV demand, lithium is spearheading sustainable transportation. Discover how lithium is propelling the EV revolution towards a greener future.
Supply and Demand of Lithium
Investing in lithium and its derivatives presents compelling opportunities, driven by their integral role in the global transition towards clean energy and electrification. With rising demands in EVs, renewable energy storage, and portable electronics, the lithium market shows significant growth potential, making investments in mining, exploration, and processing technologies promising for sustainable, long-term returns.
Looking ahead to 2035, projections indicate a looming shortage in lithium supply compared to demand, underlining its crucial role in facilitating essential global transitions.
[ Lithium Supply & Demand to 2035 ]
*Source: Benchmark Mineral Intelligence