Lithium is the lightest of all metal atoms and experts estimate that the growth of electric vehicles powered by lithium ion batteries could cause its global demand to increase more than 40 times by 2030.
‘Of the many applications for lithium batteries, electric vehicles and energy storage solutions are by far the most important and fastest growing sectors,’ the International Lithium Association said in a statement.
Its founding members are the mining companies SQM, Ganfeng Lithium, AMG Brasil, Orocobre and Pilbara Minerals.
The group’s primary goals are to become a trusted source of lithium information, promote greater awareness of members’ credentials, and efficiently and effectively address key challenges facing the industry.
The new organization will have its headquarters and secretariat in London, United Kingdom, and its first president is the international lithium expert Anand Sheth of Titan International Pty Ltd.
Sheth said the creation of this association is because there was not one before and lithium is key to the current global energy revolution as the world moves towards ‘net zero’ carbon, which will bring unprecedented growth to the market.
Also, he said, to attract intense attention from the media, government regulators, civil society, end-user groups and other external stakeholders.
He added the Association will include members from the entire supply chain: from resources to end users.