Car manufacturers invest in more environmentally friendly lithium mining technologies

Within a year or two, lithium mining for the automotive industry could be based on more environmentally friendly technologies. The so-called direct extraction method is less demanding on water consumption and requires less intervention in the landscape at the mining site.

A more environmentally friendly method of lithium mining, which is used in the production of electrically powered vehicles, could provide up to a quarter of global demand for this strategic industrial metal in the near future.

Direct lithium extraction (DLE) is a more efficient way of conquering this metal, as it requires a lower volume of water than is necessary for standard mining and thus places less strain on the environment where lithium is located. Thanks to the higher efficiency of mining, lithium can also be delivered to the market faster.

Global lithium demand reached around 320,000 tonnes last year and is expected to increase to one million within four years. By the end of this decade, it could rise to three million tonnes a year, further increasing the pressure for more efficient extraction. Electric car manufacturers are aware of this, which is why they are starting to invest massively in better mining technologies together with mining companies.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Gulf Brokers Ltd. Review

Comparing spreads, commissions, trading platforms, rules and reading dozens...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Bitcoin Infinity Day Study by crypto4me: Bitcoin Is Now Twice as Scarce as Gold

A new crypto4me study points that Bitcoin’s stock-to-flow ratio...

Walmart’s Quarterly Profit Falls, US Growth Lags Behind Expectations

American retail company Walmart saw its net profit drop...

CoinGate vs Bitget Wallet Review 2026: Fees, Crypto Payments and Which Service Makes More Sense

Cryptocurrency payments are gradually moving from a niche blockchain...

Xiaomi’s quarterly profit falls due to rising memory chip costs

Chinese technology company Xiaomi's net profit fell by one-fifth...

US Stocks Decline Following Trump’s Remarks on Not Extending Iran Deal

U.S. stocks weakened today. This happened after President Donald...

The price of gold continues to rise, up 11 percent from this year’s low

The price of gold continues to rise, building on...
spot_img

spot_imgspot_img