Worldwide crisis of lithium required for batteries of electric vehicles

Lithium is extracted from hard rock or brine mines. With production from hard rock mines, Australia is the world's largest supplier.

special things The demand for lithium has increased rapidly in the production of electric vehicles. But there is a worldwide supply crisis There is a race to bring new mines in western countries to compete with China.

The demand for lithium has increased due to the increase in the production of electric vehicles using lithium-ion batteries. But there is a crisis of its supply all over the world. To compete with China, the race to bring new mines is going on in western countries. According to Reuters, Serbia's government on Thursday announced Anglo-Canceled the license of a major lithium project owned by Australian mining company Rio Tinto Plc. Here are some facts on the major lithium mines and lithium supply, based on data from Australia's Department of Industry, the US Geological Survey, company reports and Credit Suisse reports.

Lithium comes out of salty mines Currently, lithium is extracted from hard rock or brine mines. With production from hard rock minesAustralia is the world's largest supplier. Whereas, Argentina, Chile and China are producing it from salt lakes. According to Australia's Department of Industry, the total global production of lithium carbonate in 2021 was 485,000 tonnes in December. This will increase to 615,000 tonnes in 2022 and 821,000 tonnes in 2023.was estimated to occur. Credit Suisse analyzes lithium production to reach 588,000 tonnes in 2022 and 736,000 tonnes in 2023. But its demand will be high. The reason for the high demand is the batteries used for electric vehicles.

prices may increase Lithium carbonate prices have hit record highs in the past one year due to increased demand from Chinese battery makers. Allkem, one of the world's top 10 lithium producers, has said that by June its price will be $ 20,000 (about Rs 15 lakh) per tonne.

world's largest lithium mines Greenbush (Western Australia). It can produce up to 1.34 million tonnes annually. Pilgangur (Western Australia). It is expected to produce 400,000-450,000 tonnes by June 2022. Mount Catlin (Western Australia). The company mining here produced 230,065 tonnes of spodumene concentrate in 2021.Mibra (Brazil). 90,000 tonnes of spodumene are produced here every year. Mound Marion (Western Australia). It is expected to produce 450,000-475,000 tonnes of spodumene by June 2022.