Over the last three decades, lithium has been at the forefront of numerous technical developments. The lithium-ion battery, in particular, has taken the globe by storm, making the mobile and smartphone industries much easier to operate. Lithium is a metal with a low density that can be used to manufacture batteries. In terms of demand and consumption, lithium is extremely important to the European Union. As firms like Tesla Inc and Albemarle Corporation continue to develop energy-efficient products, lithium demand is increasing.
Insider Monkey discusses the list of the 15 most valuable lithium companies in the world. Savannah Resources Plc is poised to play a key part in Europe’s green revolution. The company is now working on a new lithium project, Mina da Barroso, which will give it a competitive advantage in 2021. Bacanora Lithium PLC is a British lithium-ion battery manufacturer. In Mexico, the business is putting its newest idea into production. It has a lithium carbonate production capacity of 35,000 metric tonnes per year. Piedmont Lithium Inc. manufactures lithium hydroxide for use in clean energy and electric automobiles. The company entered into an arrangement with Sayona Quebec to buy a 25% stake in the company’s operations in North Carolina. Lithium Americas Corp is a lithium exploration and production firm with two of the world’s largest lithium projects. The Thacker Pass lithium project, with a production capacity of 30,000tpa of battery-grade lithium carbonate, is projected to be operational in 2022. Galaxy Resources Ltd. is one of the world’s largest lithium producers. It has a hard-rock mine in Western Australia, a spodumene project in Canada, and a brine project in Argentina among its operations and projects. Orocobre Ltd. is one of Argentina’s Lithium Triangle’s top enterprises. The company also has a brine-based lithium activity in cooperation with Toyota Tsusho Corporation. The lithium firm Livent Corp is situated in Philadelphia. In 2021, the company agreed to boost the volume of its supply with Tesla Inc., and analysts predict the collaboration to last through 2022. For more details, click 15 Most Valuable Lithium Companies In The World.