Introduction: Developing the United States’ lithium industry A core element within electric vehicle batteries and grid-scale renewable energy storage, lithium is designated as a critical mineral by the United States Geological Service (USGS). As the U.S. and other global governments move towards their net zero plans, lithium is needed in large quantities as we shift …
Introduction: Lithium key to climate action The lithium industry needs to scale up its production efforts significantly if we are to meet climate goals. A new report by Benchmark Mineral Intelligence, one of the lithium industry’s biggest information and analysis providers, highlighted that to meet global demand the lithium sector will need to increase production …
introduction: Lithium Prices Reach New Heights Lithium carbonate prices have continued to rise and break records, this time setting a per-ton mark of $71,000 USD in mid-September. Prices have climbed since early 2021 off an ever-strengthening market for electric vehicles and global economic recovery from COVID. The surging lithium prices were already cause for concern …
Introduction: A Global Need Listed as a critical mineral by the United States Geological Society (USGS), lithium is critical to the future of worldwide sustainable development initiatives. While demand for lithium continues to rise, production is lagging, hampered by inefficient extraction methods, unsustainable mining practices, and an overall lack of mines. Global Lithium president Joe …
Introduction: Lithium at a Glance Lithium has a well established supply chain owing to its use as a battery and component in many household electronics. The same properties that made the lithium battery the most efficient one on the market for appliances has proven itself capable of being a reliable energy storage solution at a …
Introduction: The Power of Lithium Deemed a “pillar for a fossil fuel-free economy” by the United Nations, lithium is expected to replace fossil fuels as the world’s dominant commodity in coming years as demand for the alkali metal grows. Already a major component of the electric mobility movement, lithium and the batteries it powers is …
Introduction: Transitioning Away From Fossil Fuels Lithium, an alkali metal found in consumer electronics that is now powering the world’s growing fleet of electric vehicles and solving renewable energy’s intermittency issue, has often been cited as a key element in the transition away from fossil fuels. This is highlighted by the skyrocketing prices of lithium …
Introduction: Status of the Lithium Market The lithium market has changed considerably since December’s recap. Here are some of the biggest developments in the lithium sector since the beginning of the year: Lithium carbonate prices reached $59,000 USD per ton at the end of last quarter, with prices still increasing; Rio Tinto’s $2.4 billion USD …
Introduction: Electric Transport is the Future The transport sector is one of the most important carbon emitters in the world. As decision makers shift global economic models to more sustainable processes, there needs to be a change in how transport is undertaken, considering the 3 billion metric tons of CO2 caused by personal vehicles alone …
Throughout history development priorities have evolved, often matching the demands or ideals of society and industry. The Renaissance, the Industrial Revolution, the Space Race – these all defined the priorities of global communities, and were spurred by several breakthroughs in science and technology. As such, the 21st century’s development themes were well defined when the …