No energy transition without lithium

The raw materials and quantities that the transition to a low-carbon future will require are being calculated, for example by the International Energy Agency, the International Renewable Energy Agency and the World Bank. According to the latest studies, more than three billion tons of raw materials are needed to achieve the two-degree target agreed in Paris. In addition to copper and aluminum, lithium, cobalt and graphite are in particular demand. Lithium is indispensable for energy storage in lithium-ion batteries. Recycling has so far played only a very minor role. In the field of electric vehicles, car manufacturers and suppliers are investing huge sums, especially in the USA. Investments of around 62 billion U.S. dollars have been announced. The USA is increasingly becoming a global center for electromobility and may soon displace China from first place. The expansion of battery production capacities will increase the production capacities for e-vehicles and electric chargers. That’s where vast amounts of lithium are needed. And a replacement material for the lithium is not yet in sight.

To extract the valuable lithium, much of it is still extracted today as it has been for about 50 years. Salt solutions from salars and salt lakes evaporate in evaporation ponds. Since this can take a year or more, new technologies are being applied that can optimize lithium extraction. Lithium companies include Targa Exploration and ION Energy.

Targa Exploration – https://www.commodity-tv.com/ondemand/companies/profil/targa-exploration-corp/ – operates its lithium business in Quebec, Manitoba, Ontario and Saskatchewan.

ION Energy – https://www.commodity-tv.com/ondemand/companies/profil/ion-energy-ltd/ – is working on two prospective lithium projects in mining-friendly Mongolia.

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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