Demand for lithium batteries to surge over 5-fold; EVs to fuel further

From smartphones to laptops, from medical equipment to electric cars, lithium-ion batteries are providing portable electricity across electronic gadgets and power tools, and their demand is only going to surge.

Called “White Gold”, Lithium is a soft, silvery-white alkali metal that is highly reactive, incredibly light, and low in density.

Though it had a diverse range of applications throughout history, in recent years, it has become a critical component of lithium-ion batteries due its reactivity, lightness and ability to be recharged.