Having viable technology to process and recycle energy metals such as Li, Co, Va is getting more important then ever. Particularly energy metals (Li, V, Co, Cg) market situation, demand and supply can be change political, geopolitical reasons. The only solution to sustainable solutions is to have cost effective process and recycle technologies.
In this environment, LIT processing and recycling technologies, knowledge and experience are getting more important. LIT is doing great for developing technologies and LIT share holders will have benefit from these fortunate situation.
According to investment bank Morgan Stanley, by 2050 electric vehicles could comprise as much as 90 per cent of all new car sales. Crucial to powering EVs are rechargeable batteries, and lithium-ion batteries are already well ahead in the technology race with demand set to escalate as the EV market gains momentum.
Lithium-ion batteries require cobalt, nickel and graphite for their cathodes and anodes, the charged electrodes which supply the electrical current – and the Japanese car maker, Subaru, also is working with a lithium variant which includes the metal, vanadium.
EVs are only one part of the next-generation battery story.
Bloomberg New Energy Finance forecasts that the global energy storage market will “double six times” between 2016 and 2030.
Bloomberg estimates that USD 103 billion will be invested in both large scale and home energy battery storage.
Australia’s lithium industry has responded to this transformation and is well placed to be a leading provider to the global battery industry, not just of the raw commodity but also of processed lithium hydroxide which is produced in Western Australia for use in battery manufacturing.
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