Conventional Lithium Extraction

Frantic Hunt for Lithium

Lithium, an integral ingredient in EV batteries and energy storage, is gradually taking over petroleum and natural gas as the critical commodity for the ongoing green energy revolution. All battery chemistries (NMC, LFP, solid state, silicon anodes, etc.) require lithium as the key element, with lithium demand projected to increase by >10x in 2040 relative to today.

Despite tens of billions in capital expenditure pouring into lithium mineral exploration and development, minable lithium reserves and resources are falling short of projected industrial demand, underscoring the need for a dramatic breakthrough in mining and refining technology.