The Different Uses of Lithium
EVs would need much more batteries than we can comprehend. Lithium-ion batteries have been around for decades, as you are probably aware. They are currently powering billions of devices and will continue to do so during the day. It appears that electric vehicles are having traction. And this has far-reaching consequences for a related industry: lithium mining and processing. A typical EV battery cell contains just a few grams of lithium. This equates to about a half teaspoon of sugar. Around 5,000 battery cells could be used in a typical electric vehicle. From there, a single EV contains around 10 kilograms (22 pounds) of lithium. Around 90 electric cars can be built with a lot of lithium metal. sponsored post. Moreover, it was said that the soaring global demand for electric vehicles, consumer electronics and renewable energy storage systems is sending demand for lithium to historic levels making these other companies’ potential for bringing lithium supplies to market potentially even more valuable. (1) Definitely, the Lithium could possibly use in many ways. Explore more potentials of Lithium with this one.

Lithium is a common element, not a rare metal. There’s plenty of it, so it’s hidden under the earth’s surface. To extract it, you’ll need mines and, in some cases, large-scale operations, which can take years to investigate and set up. In the 2020s, millions of battery-powered vehicles will be on the track. And they’ll need more and more lithium every year. Meanwhile, lithium production is being restrained by record-low lithium prices. Lithium batteries are now produced from a variety of different materials and chemical compounds. And the structure of these groups varies depending on the technologies used. On the other hand, I found out these other companies, it was said that they are one of the few that has both the resource and the technology to make lithium from direct brine process with outstanding results has the potential to produce battery quality lithium for batteries. (2) That is an amazing characteristics of a Lithium firm right? You could find out more interesting information about them here.

The demand for lithium would increase. One encouraging sign for lithium producers is that they would trade more lithium. Check the disclaimer on my profile and landing page. Then, as demand for lithium increase, so would costs, allowing new mines to be built to meet the increasing demand from electric vehicles. Another reason to be optimistic about lithium miners.

Source 1: https://www.barrons.com/articles/new-risk-tesla-other-electric-vehicle-makers-lithium-supply-batteries-51601498472

Source 2: https://www.forbes.com/sites/danrunkevicius/2020/12/07/as-tesla-booms-lithium-is-running-out/?sh=51a23f251a44
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