Lithium is a soft silvery-white metal which is highly reactive and does not occur in nature in its elemental form. In nature it occurs as compounds within hard rock deposits (such as Pilgangoora) and salt brines.
Lithium and its chemical compounds have a wide range of industrial applications resulting in numerous chemical and technical uses. Lithium has the highest electrochemical potential of all metals, a key property in its role in lithium-ion batteries.
Rechargeable lithium-ion batteries typically weigh approximately 75% less than an equivalent lead acid battery, making them an ideal solution for high-performance products, including electric cars, bikes and wheelchairs.
The supply/demand fundamentals for lithium put this highly sought-after metal in a league of its own compared with other commodities. Demand is predicted to grow at an annualised rate of more than 12 per cent, and this could be set to accelerate further as its widespread use in conventional industries such as ceramics, glass, batteries and pharmaceuticals gets overrun by growing consumption in rechargeable batteries in portable electronic devices and in batteries and electric motors for hybrid and electric cars.
The rapid growth in demand for lithium is being driven in particular by the rapid growth in the lithium-ion supply chain in China, including major chemical conversion capacity expansion over the coming five years. This, in turn, is being driven by the Chinese Central Government’s policy towards ‘New Energy’ and broad transport electrification (EV’s and E Bikes).
Pilgangoora spodumene concentrates meet the metallurgical specifications of the entire range of lithium products, putting the Pilgangoora in a very strong position to meet the looming supply challenge.