April 19, 2024
Lithium and its compounds enable clean energy and transportation through rechargeable batteries for electric vehicles. Lithium compounds are produced in a variety of forms including lithium carbonate (Li2CO3), lithium oxide (Li2O), and lithium hydroxide (LiOH).
- Manufacturing of rechargeable batteries for electronics, electric vehicles, and grid storage is the largest global use for lithium, representing 80% of total demand.
- The Government of Canada has identified lithium as a critical mineral because it is a key material in the renewable energy transition.
- Canada currently produces lithium from two mines located in Manitoba and Quebec.
- Australia is the world’s largest lithium producer, accounting for nearly half of global production in 2022. Bolivia, Chile and Argentina (the “lithium triangle”) have the largest estimated resources, with nearly 50 million tonnes of lithium between the three countries.
