Lithium-Ion: Powering Our Social Lives

Did you realize that lithium powers most of the tools that we use each and day-after-day? From the phones we talk on to the cars we drive, lithium-ion batteries are in demand greater than ever. In reality, it’s predicted that the demand for lithium goes to extend 22x in the following five years. 

One among the explanations that lithium is increasing in demand is the push to chop carbon emissions. Lithium-ion batteries are what power electric cars, and the carbon footprint of those vehicles are significantly lower than traditional cars that run on gasoline. With direct lithium extraction, there’s even a discount within the footprint on lithium production while reducing the necessity for freshwater and other reagents. 

As more vehicles and other devices are being made that require lithium-ion batteries, the demand will proceed to rise. The U.S. holds just 3.6% of the worldwide lithium reserves, meaning reliance on other countries’ lithium production is bigger than ever. A lot of the lithium supply chain is controlled by Chile, Australia, and other countries outside of the U.S. Nevertheless, our neighbor country Canada  also holds among the global lithium reserves, they usually have an optimal location with minimal capital cost. 
As technology continues to evolve, the demand for lithium-ion batteries goes to proceed to extend. Most of our social lives are already depending on these batteries, with just about all types of communication and travel requiring their use. To learn more concerning the lithium market and the way it should affect our lives, take a take a look at the infographic below:

Source: LithiumStockTips.com