With increasing focus on sustainability and the environment, the world is moving towards the standardised use of electric vehicles. This move is set to bolster the demand for lithium even further, by augmenting the already large market for lithium batteries in devices such as cellular telephones.
Demand for lithium is likely to continue growing for the foreseeable future given our reliance on high-quality lithium-based batteries. This demand has placed pressure on supply chains, as the world rushes to identify and secure sources.
Lithium production in Zimbabwe from 2005 to 2021
(metric tons of lithium minerals)
Lithium is a soft, silvery-white alkali metal. It doesn’t occur freely in nature, but presents itself in (usually ionic) compounds such as spodumene and lepidolite.