As its use is quite new, myths about this resource arise.
- Lithium is a scarce natural resource: This statement is true but it is expected that the same will not happen as with lithium. oil that all reserves are running out. Bolivia, Afghanistan and Argentina have the most reserves. Because there are large reserves of lithiums and very little amount is used in each battery, so it is estimated that it would reach 3000 billion electric vehicles or 2 centuries of manufacturing these means of transport.
- Lithium is a fuel: This mineral is not a fuel since it does not change chemically.
- Lithium could be the oil of tomorrow: This is partly true since it is expected that in the future electric vehicles will be used in a massive way around the world. But the advantages of lithium over oil is that it does not pollute and can be recycled,
- Recycling lithium is not profitable: Lithium can be recycle since it doesn't burn like a fossil fuel. Currently it is not profitable because it is made in small quantities but if it is recycled in industrial quantities it is economically sustainable and therefore cheaper. It is a great advantage that it can be recycled since the use of lithium can be extended.
Lithium is still little exploited but it is expected that in the future it will be a large industry since it is vital for the production of technological products associated with lithium ion batteries. With the advancement of technology, it is possible to reduce the amount of lithium used in each battery, thus improving their efficiency.
Lithium is friendlier than oil due to its less polluting qualities and its ability to be recycled.
SOURCE: Energy report