Lithium is essential to the global energy transition for a clean energy future.
About Lithium
With a silvery white appearance, lithium is the lightest of metals with a high energy density making it the critical metal required in lithium-ion batteries. Lithium-ion batteries are fundamental to our everyday lives and are used in portable electronics, electric vehicles, and grid-scale energy storage.
These batteries have revolutionised the way we power our devices, our vehicles and homes. They provide high energy density, longer cycle life, and quick recharge capabilities, making them the preferred choice for energy storage due to their efficiency and reliability. Benchmark Mineral Intelligence anticipates that by 2030 around 90% of global consumption of lithium will be attributable to lithium-ion batteries for electric vehicles.
Burgeoning demand for lithium-ion batteries is driving the need for transparent and geopolitically aligned supply chains for battery chemicals.
Electric vehicle uptake, underinvestment and public policy pressures are increasing demand for responsible mining of hard rock lithium in the form of spodumene concentrate and the refining of lithium intermediate products to produce high purity battery chemicals.
Primary production of lithium is largely undertaken from the mining and processing of granitic pegmatite ore (hard rock) to produce spodumene concentrate. Once mined and processed, the spodumene concentrate goes through a chemical refining operation to produce high purity Lithium Hydroxide Monohydrate (LHM), a crucial chemical product required in the downstream production of lithium-ion batteries. LHM is expected to face significant deficits by 2030 due to overwhelming global demand.
With more than three quarters of global supply of LHM controlled by China, EVM’s unique value proposition is an integrated battery chemicals business that offers transparent, geopolitically aligned, stable supply chains for high purity chemicals.
