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On the Verge of a Global Lithium Shortage, One Company’s Innovation is Poised to Offer a Solution
A shift in global consumption over the last few decades has meant a shift in the global supply chain. And as the calls for electric vehicles get stronger, the demand for lithium is growing as well. Lithium is the mineral that’s used in car batteries, as well as many electronics like computers and smartphones. Demand for lithium has been increasing amid a dwindling supply, with a lithium shortage expected by 2023. Lilac Solutions is trying to fix that. They’ve been attracting investment from large companies like BMW to develop their new lithium production technology. They claim that with...…A shift in global consumption over the last few decades has meant a shift in the global supply chain. And as the calls for electric vehicles get stronger, the demand for lithium is growing as well. Lithium is the mineral that’s used in car batteries, as well as many electronics like computers and smartphones. Demand for lithium has been increasing amid a dwindling supply, with a lithium shortage expected by 2023. Lilac Solutions is trying to fix that. They’ve been attracting investment from large companies like BMW to develop their new lithium production technology. They claim that with...WW…
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