It became a critical metal used in the production of batteries, especially fostered by the increase in the global demand for electric vehicles.
The demand for lithium in recent years was boosted by the proliferation of personal technology, including smartphones, tablets, and wearables. In this sense, the future demand will be boosted by two emerging, growing demands: electric vehicles (EVs) and network storage. Lithium is also used in a wide range of applications which do not encompass batteries, such as ceramics and specialty chemicals.