Visual Capitalist and EnergyX explore how direct lithium extraction could disrupt the $90B lithium industry.
Lithium-ion batteries are critical for many modern technologies, from smartphones to smart cities. Here's how this critical technology works.
This graphic shows that demand for lithium will outstrip supply by 46%. But direct lithium extraction could be a solution to this problem.
Batteries accounted for 74% of lithium consumption in 2021, up from 23% in 2010.
This chart tracks the history of lithium prices, which surged 497% in 2021 to reach a record high.