A soft, silver-white metal, lithium is part of the alkali metal group. It is highly reactive and flammable. Due to its high reactivity, it hardly occurs in the free state in nature and is always found in the form of compounds. After the Second World War, lithium production experienced a boost due to technological advances and the need to produce nuclear fusion weapons. To commercially produce lithium, salts are extracted from water in mineral springs, brine pools or brine deposits. Then the metal is produced through electrolysis from a mixture of lithium chloride and potassium. Insidermonkey experts made a list of the countries that produce the most lithium in the world.
Continued developments from Tesla Motors stoked further interest in the mineral, although that’s not the only reason for lithium’s success. Despite accounting for only a fraction of lithium demand worldwide, Tesla has contributed to plenty of excitement in the junior lithium space, encouraging more and more junior mining companies to switch to lithium. Given the growing importance of energy metals and lithium-ion batteries, securing a consistent supply of lithium is a top priority for technology companies around the world. Lithium’s uses extend far beyond rechargeable batteries, but many predict that this application will dominate demand for the metal in coming years. You can also check out the list of 8 countries that produce the most salt in the world.
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