'Lithium Shortage Looms:Meeting the Surge in Demand by 2030''Lithium Shortage Looms: Meeting the Surge in Demand by 2030' - Lithium is essential for battery storage in electric vehicles (EVs) and renewable energy systems, driving surging demand. In 2021, global lithium consumption was around 500,000 tonnes, but this figure is expected to exceed 3 million tonnes by 2030, with nearly 95% of lithium projected to be used in batteries by then. (Source:
https://carboncredits.com/lithium-shortage-looms-meeting-the-surge-in-demand-by-2030/)
However, the supply chain faces challenges, such as limited high-grade deposits, extraction difficulties, and bottlenecks in battery-cell factory scaling. Despite these obstacles, vertical integration, technological innovation, and sustainable lithium production are seen as key solutions to meet future demand.
Direct lithium extraction stands to change this due to its ability to efficiently extracts lithium from brine without the need for large evaporation ponds, directly isolating lithium ions, which significantly reduces the resources required—time, land, and water—compared to traditional methods.
Notably, Canadian lithium exploration company, EMP Metals (EMPS.c EMPPF), is additionally advancing its DLE efforts at its facility in Saskatchewan where they recently achieved over 97% lithium recovery and impurity rejection greater than 99% during its pilot project with Koch Technology Solutions and Saltworks Technologies.
With lithium concentrations exceeding 2,000 mg/L, this progress positions EMPS as a key player in the growing lithium industry, as it aims to deliver battery-grade lithium carbonate to meet the increasing demand from the electric vehicle and battery storage markets.
For more information, refer to this deep dive:
https://www.reddit.com/r/wallstreetsmallcaps/comments/1fijhav/emp_metals_corp_empsc_seizes_opportunities_amid/ Posted on Behalf of EMP Metals Corp.