Introduction: What is COP27? Every year, the United Nations holds a summit focused on taking stock of the progress made on climate targets, negotiating new global goals, and developing opportunities for decarbonizing the current economic structure. Save for a year-long delay due to COVID-19, these UN climate change summits have been happening every year since …
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 …