With these manufacturing trends expected to accelerate over the coming years as the energy transition accelerates, interest in this silvery-white metal will continue to grow, and analysts expect global demand will more than double by 2024. Lithium is a key component of batteries and other electronics that are becoming increasingly common around the world – particularly in the case of rechargeable lithium-ion batteries used in electric-vehicle manufacturing, as well as larger-scale battery storage. That’s up almost 30% compared to a year earlier. Growing interest in lithium in recent years has seen the world’s largest-known reserves increase significantly, as exploration activities accelerate.Īccording the US Geological Survey (USGS), there are around 80 million tonnes of identified reserves globally as of 2019. The Salar de Uyuni salt flat in Bolivia is the world's single-largest lithium resource, and is visible from space Lithium is growing in demand, but many of the countries with the biggest-known reserves have yet to successfully commercialise the resource at scale
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