The Power of Lithium: A

Deep Dive into Extraction,

Uses, and Future
Possibilities
Discover the fascinating world of lithium, from the extraction process to its
transformative role in the EV industry. Explore economic and environmental
factors, the emerging lithium-ion market in India, and our recommendations for
improvement.

By
Lithium Extraction: Unleashing a
Battery Revolution
1 Efficient Process 🔋

Explore the various extraction methods and understand how they contribute to a sustainable
lithium supply chain.

2 Global Geographies 🌍

Delve into the regions where lithium deposits are abundant, unlocking insights into resource
distribution and geopolitical considerations.

3 Challenges & Innovations 🚀

Witness the exciting developments and technological advancements in lithium extraction,

including emerging alternatives.
Lithium Extraction: From mines to
assembly line
Exploration: Geologists use
various methods to identify
potential lithium deposits, such as
satellite imagery, geological
mapping, and geochemical
surveys.
Drilling: Once a deposit is
identified, drilling is used
to extract samples of the
rock or brine for analysis.
Extraction: The extraction process
depends on the type of deposit. In brine
deposits, the lithium is extracted by
evaporating the brine, while in hard rock
deposits, the lithium is extracted through
mining and chemical processing.

Concentration: After extraction, Conversion: The concentrated

the lithium is concentrated to
increase its purity and
concentration. This process
involves crushing, grinding, and
chemical separation.
lithium is then converted into a
form that can be used in batteries.
This process involves further
chemical reactions and
purification.

In india, there are three top lithium mining companies that are part of the joint venture khanji bidesh india ltd (KABIL), created by
the ministry of mines
Lithium Extraction: the Global geographies
Lithium's Electric Voyage: Powering the EV
Industry

1 Driving the Revolution 🚙

According to a report by McKinsey, global demand for lithium-ion batteries is projected to increase from
about 700 GWh in 2022 to around 4.7 TWh by 2030, with batteries for mobility applications, accounting for
the vast bulk of demand in 2030

2 Beyond Cars ⚡

Lithium-ion batteries have a wide range of applications, from powering consumer electronics to storing
renewable energy. These include the industrial sector and energy storage sectors as well

3 Future Innovations 💡

Researchers are developing lithium-based technologies to improve battery performance, safety, and
sustainability. Breakthroughs include fast-charging lithium-metal batteries 1

, improved lithium production techniques 2, and stable, long-lasting, solid-state lithium batteries 3.
The Economic Landscape: Supply, Demand,
and Market Trends

Sustainable Supply Chain Market Dynamics Investment Outlook

The global lithium-ion battery market is The lithium-related industries, particularly

The balance of lithium supply and demand projected to grow at a compound annual those involved in the production of
is expected to be tight through 2030, with growth rate (CAGR) of 18.9% from 2023 lithium-ion batteries and lithium mining,
increasing and sustained demand straining to 2030. The automotive sector is expected are projected to experience significant
supply. to witness significant growth. growth in the coming years.
 Environmental Considerations: Balancing
Progress and Sustainability
Environmental Impacts Addressing the Issues The Circular Economy

Lithium extraction and battery production
pose environmental challenges, including
intensive extraction, water use and
contamination, CO2 emissions, electronic
waste, and local ecosystem impact.
Innovations to mitigate the environmental footprint of
lithium-ion batteries include designing batteries with
recyclability in mind, adopting closed-loop systems, and
exploring alternative recycling techniques like biological
recycling and hydrometallurgy
The principles of the circular economy that can guide
us towards a more sustainable lithium ecosystem are:
Eliminate waste and pollution, extend the life of
materials and regenerating natural systems
 Lithium-ion Market in India: Opportunities
and Challenges
Current Scenario
The lithium-ion market in India is growing, with key players like
Exide Industries and Amara Raja Batteries. However, challenges
like inadequate charging infrastructure and high EV costs persist.
Investment Potential
The market generated a revenue of US$ 4,294.80
Million in 2022 and is estimated to reach US$ 25,303.59
million by 2031, growing at a CAGR of 22.1%. This
growth is driven by the government’s eco-friendlier
initiatives.
Policies & Initiatives
India’s government has implemented policies and initiatives including
the National Electric Mobility Mission Plan, Production Linked
Incentive Scheme, and collaborations with research institutions.
The Way Forward
To position India as a major player in the global lithium-ion
market, key strategies include innovation and process updates,
policy changes, research and development, securing lithium
supply, recycling, and indigenisation.
The Future Energy Landscape: Lithium's Vital
Role
Clean Energy Transition
Lithium-based batteries have
revolutionized the transportation
industry by enabling the
electrification of vehicles and
providing stationary grid storage,
critical to developing the clean-
energy economy
Renewable Energy
Integration
Lithium-ion batteries are used to store
energy generated from renewable
sources. In 2020, the global lithium-
ion battery market for renewable
energy storage was valued at $5.5
billion
Technological
Advancements
Lithium-ion batteries are commonly
used in smartphones, laptops, and
other portable electronic devices. In
2020, the global lithium-ion battery
market for consumer electronics was
valued at $13.5 billion
Driving Progress: Recommendations for a
Sustainable Lithium Future

1 Collaboration & 2 Policies & 3 Research &

Partnerships Regulations Development

Highlight the importance Propose regulatory Advocate for increased

of collaboration among
industry stakeholders to
advance sustainable
lithium practices.
frameworks and policies
that foster responsible
extraction, production, and
recycling of lithium-based
technologies.
investment in research and
development to enhance
lithium extraction
efficiency and battery
performance.