Li3energy

Lithium Overview

http://www.li3energy.com/lithium/overview.aspx

The price of lithium has increased eightfold in the last six years.

(PBS NewsHour, April 2009)

Lithium is the Earth’s lightest metal and least dense solid element with the highest specific heat. Lithium is light, highly reactive, and can store a charge longer than other metals. According to the U.S. Geological Survey, Chile is the leading lithium chemical producer in the world. Argentina, China, and the United States are also major producers. (USGS, “Mineral Commodity Summaries”, January 2009)

Lithium demand is driven by its increasing use in the batteries of portable consumer electronics, including mobile phones and laptop computers, and a range of industrial applications including ceramics and lubricants. The most dramatic increase in demand is spurred by auto makers racing to bring lithium-ion battery powered and hybrid electric cars to market.

At the World Lithium Supply and Markets 2009 conference in Santiago, Chile, the world’s top three lithium producers, SQM, Chemetall, and FMC Lithium, along with research groups TRU Group and Roskill, presented an outlook for lithium. According to the forecast, world lithium demand is expected to grow three-fold in just over ten years. Growth is driven by secondary (rechargeable) batteries and Electric Vehicle (EV) batteries. Current demand for lithium, measured as Lithium Carbonate Equivalent (LCE), is around 110,000 tons per annum (tpa). This is expected to rise to around 250,000 to 300,000 tpa in 2020 driven by rechargeable batteries and EV batteries, according to the outlook.

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