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The Future of Lithium Mining

It is not often we hear of conversations on mining. We live in a society where many of us do not remember the days where mining was a common task. However, the topic has gained some popularity thanks to Lithium. Lithium is a silver-white soft metal that has many uses. Lithium can be used in electric vehicles, batteries, energy-storage systems, e-bikes, and electrification of tools. In fact, with the growing concern over our climate and the push to eliminate carbon emissions the electric car industry has grown. 

With the growing need of electric vehicles the stakes for Lithium grow as well. 

In 2021 the demand for Lithium was at 500,000 metric tons of LCE. By 2030 it is predicted that the demand will grow to 3-4 million metric tons. With this type of demand, more countries are looking into the resource. Currently the top three countries that supply Lithium include Chile, Australia, and Argentina. The United States has mapped resources and reserves; however, only contributes to 3.6% of this resource’s reserve.

The Future of Lithium Mining

Source: LithiumStockTips.com

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