Lithium – once a remedy for melancholy, today a raw material of the futurе

In 1967, lithium carbonate came onto the market as an antidepressant. Even in the late Romantic period, people knew about the effectiveness of lithium salts against melancholy. Why this is so, one does not know exactly until today. What is known today, however, is how great the impact of lithium-ion batteries is on transportation and storage devices for renewable energy sources (wind and solar). Electric cars and portable electronic devices use these batteries. Today, lithium demand is still being met by primary supply from mine production. The secondary sector is not likely to play a major role until 2030 and later.

In recent years, Europe, and Germany in particular, has become a stronghold for electromobility. Automakers and upstream manufacturing need lithium. Electric vehicles are enjoying ever greater acceptance. And this development has taken place within just a few years. Electric vehicle subsidies, improved charging infrastructure and legal bans on internal combustion engines in the EU from 2035 have driven this. In Europe, capacity expansions and settlements to produce battery chemicals are increasing. This is reducing China’s former dominance. For Europe, self-sufficiency in lithium and associated import independence would of course be desirable. But lithium production hardly takes place in Europe.

A perhaps not so well-known country with lithium is Mongolia. Here, ION Energy holds two exploration licenses. The national power grid and important development infrastructure are close by. Very good drilling results are available.

One company that is more concerned with the battery anodes of the future, thus low-cost, high-performance anodes, is Li-Metal.

Current company information and press releases from Li-Metal (- https://www.resource-capital.ch/en/companies/li-metal-corp/ -).

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