New Energy Lithium Mineral Energy Storage

How can lithium be conserved?

Water conservation: Implementing technologies and practices that reduce the amount of water used in the extraction and processing of lithium. Renewable energy: Using renewable energy sources such as solar and wind to power the extraction and processing of lithium.

Are EVs and battery storage the fastest growing consumer of lithium?

Since 2015, EVs and battery storage have surpassed consumer electronics to become the largest consumers of lithium, together accounting for 30% of total current demand. As countries step up their climate ambitions, clean energy technologies are set to become the fastest-growing segment of demand for most minerals.

How does the energy transition affect lithium?

Consequently, the energy transition is not straightforward, as it intensifies material demand, market and geopolitical competition. This is especially true for lithium which is pivotal in this transformation.

What is the near-term outlook for lithium supply?

Our analysis of the near-term outlook for supply presents a mixed picture. Some minerals such as lithium raw material and cobalt are expected to be in surplus in the near term, while lithium chemical, battery-grade nickel and key rare earth elements (e.g. neodymium, dysprosium) might face tight supply in the years ahead.

What is the future of lithium batteries?

The elimination of critical minerals (such as cobalt and nickel) from lithium batteries, and new processes that decrease the cost of battery materials such as cathodes, anodes, and electrolytes, are key enablers of future growth in the materials-processing industry.

Are EVs and battery storage causing mineral demand growth?

In both scenarios, EVs and battery storage account for about half of the mineral demand growth from clean energy technologies over the next two decades, spurred by surging demand for battery materials. Mineral demand from EVs and battery storage grows tenfold in the STEPS and over 30 times in the SDS over the period to 2040.