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 Lithium ore - World class!!

Lithium element presence in Spodumene, Lepidolite, Pegmatite minerals

 

Lithium carbonate

is a stable white powder that is a key intermediary in the lithium market because it can be converted into specific industrial salts and chemicals—or processed into pure lithium metal.

Will current global production serve demand - coming years?

 

Going by the projections from experts in the Electric Vehicle, Renewable energy consultants, domain wizards and scientists, demand for lithium is expected to rise to 4 million tons and more within this decade. Which is a tripling of tonnages from current numbers. The steep climb of the demand graph is expected to see a race in exploration, source related investments and a frenzy. Governments, private players and large giants have earmarked funds in millions to establish their stamp in this growing industry. Some other players buying out units hitherto working on patenting new commercial options for extractions, some others into maximizing their current operational procedures, reducing lead time, lowering expenditure, paying respect to environment, social and governance concerns. All included, the world is in for some heady times ahead. With lightning growth, climate challenges, demand fulfilment issues, yet planning to deliver optimum performance.

These above could help us gauge the challenge, It is not a trivial one!. It calls for a fine balance between meeting demand and managing the show as deftly as a trapeze artist. The booming prices, beckoning those interested to take up the challenge. 

 

Satisfying this demand is no ordinary feat. The sale of EV vehicles alone world over in Europe, US, China and many other countries have doubled if not more in the last financial year. It is expected to grow further in the next decade. As a result the element mix required within battery making would undergo changes. New technologies in battery making would flood the market, since Li – ion batteries are promising for energy storage, mobility related requirements and a host of other fields. 

Understanding this complex interplay will require in depth work deciphering the entire supply-and-demand chain which will be critical for every player present in the value chain product portfolio —mining equipment companies, miners, refiners, battery system designers, scientists, government, manufacturers, and automobile players.