Why Lithium | Pure Energy Minerals

Why Lithium | Pure Energy Minerals: "Lithium chemical symbol = Li
A small soft silver-grey metal
3rd element in periodic table
Member of the Alkali group of metals
Used in batteries, glass, ceramics, lubricants
Lithium-ion batteries used to power electric bicycles (e-bikes), vehicles and mass energy storage systems
 

Lithium is a specialty industrial product bought and sold under contract, and the chemistry is specifically tailored to the customers needs. Supply contracts are useful towards predicting cash flow and securing project finance.

Although lithium is used in over 70 types of products, the growth in battery usage has driven lithium demand skyward. Electric vehicles and grid storage, such as Tesla’s Powerwall and Powerpack residential and commercial battery systems, are very high growth areas.

Demand is predicted to be as high as 125% of supply by 2020 driven by electric vehicles and grid storage.

The price of lithium has increased by 300% since 2003.

The development timelines of Pure Energy’s Clayton Valley Brine Project are aligned with the anticipated high-growth demand in lithium.

Energy Storage

The most important use of lithium is in rechargeable batteries for electric vehicles, energy grid storage, mobile phones, laptops, digital cameras and other small electronic devices. Lithium is also used in some non-rechargeable batteries.

Lithium Alloys

Lithium metal is combined with aluminum and magnesium to form strong and lightweight alloys for armour plating, aircraft, trains and bicycles.

Optics, Glassware and Ceramics

Lithium is used to produce optics, glassware, and ceramics.

Industrial/HVAC

Lithium chloride is one of the most hygroscopic materials known, and is used in air conditioning and industrial drying systems.

Lubricants

Lithium stearate is used as an all-purpose and high-temperature lubricant.

Pharmaceuticals

Lithium carbonate is used in medications to effectively treat manic depression."



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