A key component in the development of rechargeable technology — lithium powers everything you don’t need a cord for — from Bluetooth earbuds and laptops to electric vehicles. There is currently no known replacement element to achieve such effective performance for automotive battery applications and lithium is expected to be one of the most sought-after raw metals on earth.
Demand by Sector
Lithium’s adaptability spans across various industries, primarily due to the fact that it is the lightest alkali metal, making it ideal for usage in portable devices. Lithium is key to the expansion of electric vehicles and renewable energy.
Ceramics and Glass
Why Invest in Lithium
Lithium is in high demand, driven by the soaring adoption of electric vehicles and renewable energy. With lithium-ion batteries becoming the preferred power source for energy-reliant devices, it is predicted that by 2026, the global lithium market will reach $91.9 billion US dollars. However — because supply is unable to keep up with demand, it is expected that the metal may run out by 2025.
The current conventional sources of lithium, hard rock and salars are unsustainable. Both sources carry high capital expenditures and are environmentally challenging. Additionally, hard rock extraction carries higher operational costs, while salars are South America-centric and have lengthier development timelines. Direct Lithium Extraction (DLE) Brine has been identified as the next-generation lithium source, allowing for faster time to market due to speedier production and higher recoveries. Environmentally beneficial and potentially carbon-neutral, this source will have lower capital and operational costs than present sources.
Lithium: Investing in the Future of World Energy and Transportation
Lithium is essential to an electric world. Help power the future.