This special focus eBook explores the progress made in establishing global lithium supply chains and key exploration projects being undertaken.
The global lithium industry witnessed significant growth in reserves and resources during the first quarter of 2024, surging to 303.5 million metric tonnes.
From now, the demand for lithium-powered EV batteries is anticipated to grow annually at a rate exceeding 22%.
By 2030, the EV transport segment will capture 93% of the market share.
As we approach the last four months of 2024, establishing global lithium supply chains has never been more important.
Lithium’s place in a global economy
As demand for lithium skyrockets, nations are scrambling to secure their share of this critical resource, each employing unique strategies to harness its potential.
The eBook’s first article explores the multifaceted approaches of the world’s leading lithium producers and economies, exploring their policy frameworks, funding initiatives, and strategic imperatives.
By examining these regions’ diverse tactics, we gain insight into the global race to reinforce the global lithium supply chain, which is poised to shape the future of energy and transportation.
Building on this, Olimpia Pilch, Co-founder and Director of the Critical Minerals Association USA, discusses how the US is becoming a critical minerals superpower, highlighting the nation’s rapidly developing lithium supply chain.
By bolstering domestic security via expanding defence capability, diversifying energy sources, or betting on the cusp of cutting-edge technology, critical minerals play a fundamental role in the geopolitical game of chess.
Lithium exploration can unlock searches for other critical minerals
Later in the eBook, Oceana Lithium discusses the progress made at its Napperby and Solonópole lithium projects, both of which have returned positive results in 2024.
The company has advanced drill-ready targets and several soil anomalies identified throughout the project area, further contributing to a diversified lithium supply chain.
As part of these advancements, Oceana also identified a large uranium anomaly at Napperby. The company is now advancing this project and will begin field activities this year.
2024 represents a positive shift for the lithium supply chain
The lithium industry is at a pivotal point in 2024, driven by rapid technological advancements and increasing demand from the renewable energy and electric vehicle (EV) sectors.
The next article explores various aspects of the lithium industry in 2024, including key resource regions, market growth drivers, policy developments, and the role of lithium in the transition to a green future.
Century Lithium is another company making huge strides in the lithium industry this year.
In the final article, the company provides an update Clayton Valley Lithium Project, having completed a Feasibility Study this year.
After completion, the project aims to become a domestic producer of lithium for the growing electric vehicle and battery storage market.
As we move forward, the insights and developments presented in this eBook offer a comprehensive overview of the evolving lithium sector, emphasising the importance of strategic initiatives and exploration in securing a stable and diversified supply chain for the years to come.
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