INTRODUCTION TO LITHIUM
Lithium is a chemical element with symbol Li and atomic number 3. The soft, silvery-white alkali metal is not found in its natural form but rather it occurs as compounds within salt brines (such as in South America) and hard rock deposits (Australia, Canada, Spain). There are a wide range of applications available from lithium and it's chemical compounds including industrial applications, consumer electronics, battery storage and the rapidly accelerating automotive sector.
The accelerating emergence of battery storage needs is a function of the global desire to reduce carbon emissions. The improving economics of lithium-ion batteries facilitates the progression of innovative technologies and movement in global energy use. The next decade is projected the see a tremendous increase in global battery consumption.
The European Story
There is a strong drive in Europe to move to EVs. Cooperation between automakers and battery manufacturers to build lithium-ion battery factories in the region is developing and there are plans for cathode production as well.
However on the battery metals side, Europe is far behind. It is important to de-risk the European supply chain by having more domestic sources of raw materials, including lithium. Learn more