Currently, battery technology accounts for 31% of lithium usage, up from 20% 10 years ago and the bulk of future demand increase is driven by rechargeable battery requirements. Lithium ion batteries are the global standard with massive investment by manufacturers and users ensuring dominance and demand into the future. It is a race to production.
Lithium demand forecasts: Base case
Understand the real needs...
...and then consider the project location
Source: Deutsche Bank, United States Geological Society, company data
The European demand has no suppliers, with a politic base around the "Made in Europe".
The European strong government and public impetus overuse and development of lithium battery energy storage by industry leaders with a security of supply and tailor-made product specs important. The development of lithium factories in Europe already began.
Visit our San José project for more information on our situation in the heart of Europe.