Recently, a report mentioned that battery-grade lithium carbonate prices are projected to average around RMB 140,000 per tonne in August, down 10.3 per cent month on month.
About Lithium:
It is a soft, silvery-white metal that heads group 1, the alkali metals group, of the periodic table of the elements.
Properties of Lithium:
It has the lowest density of all metals.
It is the lightest of the solid elements.
It reacts vigorously with water.
It corrodes rapidly in air, is highly flammable and must be stored in inert conditions such as mineral oil or vacuum.
Occurrence: Lithium does not occur as a metal in nature but is found combined in small amounts in igneous rocks.
Lithium occurs primarily in pegmatitic minerals like spodumene and petalite and in saline brines due to its high solubility.
Major Reserves: Lithium reserves are concentrated in the lithium triangle in South America – Argentina, Bolivia and Chile together host over 75% of known Lithium reserves, forming the Lithium Triangle.
Applications:
It is important in rechargeable batteries for mobile phones, laptops, digital cameras, and electric vehicles.
Lithium metal is made into alloys with aluminium and magnesium, improving their strength and making them lighter.
Lithium oxide is used in special glasses and glass ceramics.
Lithium stearate is used as an all-purpose and high-temperature lubricant.
Lithium carbonate is used in drugs to treat manic depression.
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