Lithium: Powering the Future

lithium power

Lithium: Power of the Future

Lithium is a vital part of electronics in the modern era. The most common and practical use for it is lithium-ion batteries, which have become standard in most smartphones and laptops. However, this rise in popularity does not come without any potential drawbacks. The skyrocketing demand for lithium is disproportionate to the increasing supply, and the former is expected to outpace the latter by 2025. Consequently, many major nations such as the UK, US, and Canada have begun mapping their reserves, giving them the ability to produce lithium if desired.

So, what’s driving this imbalance? So far, there are only 4 pre-dominant lithium-producing countries. While they produce a substantial amount of lithium, it is not feasible that merely 4 countries would be able to keep up with global demand. Aside from the supply side, demand is skyrocketing because of the integration of electronics into nearly everything. For instance, the contemporary climate change movement has inspired electronic vehicles, which require large amounts of lithium to power.

Furthermore, laptops and smartphones have become necessities in the modern world, both powered by lithium-ion batteries. Ultimately, lithium has enabled the widespread adoption of modern technology, but technology is only as good as the lithium inside it. With the looming supply deficit, it’s important we pay close attention to lithium to let it keep powering the future forward.

Lithium In The Energy Economy