Carachi Blanco Project
Lithium Situation
The increasing need of electric vehicles (EV) as sustainable transportation solution is driving the demand for lithium. Lithium-ion batteries are renowned for their high energy density and long cycle life and therefore have become the preferred choice for EV manufacturers, hence established as major industry standard for the upcoming decades.
Lithium as a key element in these rechargeable batteries, has therefore emerged as a critical resource in the context of the global shift toward electric mobility and renewable energy storage. The United States, as a major consumer of EVs, heavily relies on lithium to meet its domestic demand. South American countries, with their abundant lithium reserves, have a strategic advantage in supplying this critical component to the growing EV market.
