Lithium is quite unique as a material in that it is very light with the lowest reduction potential of any chemical element which allows batteries based on lithium to have unbeatable performance. The other advantage is that there is lots of lithium out there, some 400 years of output according to the US Geological Survey.
The most popular type of lithium batttery is the lithium-ion battery which because of its unmatchable combination of higher energy and power density has become the rechargeable battery of choice for power tools, mobile phones, laptops and increasingly electrical vehicles (EVs). That all said, there are many different types of lithium-ion battery.
There are five major types of lithium-ion battery chemistry: LFP (lithium iron phosphate), NMC (nickel manganese cobalt), NCA (nickel cobalt aluminum), LMO (lithium manganese oxide) and LCO (lithium cobalt oxide), all of which have differing strengths and weaknesses, and all of which are used in different applications.
Alkemy Capital Investments plc (LON:ALK) is focussed on developing projects in the energy transition metals sector. Tees Valley Lithium is developing a state of the art lithium hydroxide plant at Teesside, UK. Tees Valley Graphite is developing the UK’s first natural graphite active anode material processing facility at the ‘plug-and-play’ Wilton International Chemicals Park.