In recent years, there has been a growing buzz around lithium, a chemical element that is primarily used in the production of batteries. With the increasing demand for electric vehicles and renewable energy storage, lithium has emerged as a key player in the global energy transition. But is lithium really the next big thing? Let’s delve into the details.
Lithium is a soft, silver-white metal that is highly reactive and lightweight. It is commonly found in brine deposits and hard rock minerals, making it a valuable resource for various industries. However, its most significant application lies in lithium-ion batteries, which power everything from smartphones to electric cars.
The rise of electric vehicles (EVs) has been a major driving force behind the surge in lithium demand. As governments worldwide aim to reduce carbon emissions and combat climate change, the adoption of EVs has skyrocketed. These vehicles rely on lithium-ion batteries for their energy storage, making lithium a crucial component in the EV revolution. Furthermore, the renewable energy sector heavily relies on lithium for energy storage.
Alkemy Capital Investments plc (LON:ALK, FRA: JV2) is focussed on developing projects in the energy transition metals sector. Alkemy’s wholly-owned subsidiary Tees Valley Lithium (TVL) is developing a state of the art lithium hydroxide plant at Teesside, UK. TVL is Europe’s largest independent and sustainable lithium hydroxide producer.