The global need for lithium-ion batteries is projected to grow by over 500% in the next decade, creating a soaring demand for new battery factories and key components of batteries, especially metals. Establishing sustainable battery-supply chains is an important goal. Fortunately, metals are infinitely reusable, and so billions of dollars are being poured into new battery recycling plants.
Rich deposits of metals cover vast areas of deep ocean floors. Mining companies have focused on polymetallic nodules, and large-scale seafloor mining could begin by 2024. Given the potential for irreversible consequences to ocean environments and our climate, many are calling for a moratorium or a delay in this mining.
Renewable energy from sunlight, water, and wind plays an important role worldwide—and renewable storage is essential to reduce imbalances between energy demand and energy production. We need to develop much more storage capacity; fortunately, there are efficient storage technologies already in use, as well as innovative alternative approaches under development.
Meeting increased demand for lithium has a dark side of potentially damaging the environment and public health – but fortunately there is also a lighter side. Recycling can reclaim valuable metals including lithium from the battery packs that might otherwise end up in landfills. Together, recovery from other industrial operations and recycling could eventually reduce the need to wrestle new metal supplies out of the ground.
Electric vehicles (EVs) are the wave of the future. Improvements in lithium-ion battery packs are occurring rapidly and prices are falling. Obtaining sufficient lithium to meet the growth ahead for EV has a dark side, involving open-pit mining and brine evaporation pools that can be devastating for the environment. Fortunately, there is also a lighter side that is gaining momentum.
The demand for lithium is increasing dramatically – and sources of this metal are being sought from the high elevations of the Andes Mountains to the lowlands of Australia. Lithium is widely distributed on our planet, but since concentrations of this metal are typically quite low, relatively few ores that are economical to mine have been found to date. There are currently three major sources.
The demand for lithium is growing rapidly -- and the "Lithium Triangle" in the Andes Mountains encompass a significant source of this metal. Lithium-ion batteries are essential for powering electronics, electric vehicles, and for storing energy produced by the wind and sun. The future of lithium is truly “electrifying”!