The Importance Of Lithium In The Energy Economy

Known as “white gold”, lithium is an integral part of how many of us live our day to day lives. From your phone battery, to medications, to ceramics, lithium is becoming more and more of an essential element. The demand for lithium continues to rise as its use cases become increasingly popular. This is putting estimates for lithium demand from the current 500,000 metric tons to 3 to 4 million metric tons by 2030.

But the supply in many parts of the world for lithium is very small. The US only has 3.6% of global lithium supplies forcing it to rely on the reserves of other countries. Over 65% of the world's lithium supply chain is Chile and Australia, leading to one of the greatest supply-demand imbalances in modern times. 
Learn more about the hugely rising demand for lithium and how it's powering the future here.