An icon so true
Lithium reigns supreme in the short-term energy storage octagon. Not found in its elemental form in nature due to its high reactivity, it can be mined from brines (accounting for nearly 70% of global Lithium resources), hard-rock deposits (w/ shorter lead times), and clays (still in infancy). Mining, however, is just the tip of the iceberg. A brief overlook of the Lithium supply chain can be found here.
Table 1: Lithium conversion factors
Table 2: Lithium requirements for different products
Ref.: Jiri Sterba, "La Inversión en Minería de Litio: Acelerando la Transición hacia el Transporte Sostenible", 2021
Table 3: Seven largest Lithium-mining companies by market capitalization (2022)
Despite of supply constraints, Lithium high energy density & lightness is key to produce devices such as cell phones (6 billion+ in use today), tablets and notebooks, to make mobility sustainable with electric vehicles (EVs), and for stationary (FTM & BTM) energy storage applications.
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