“Lithium has everything it takes to power the 21st century, from cars to homes and more. And in the US alone, gasoline sales reached $280 billion in 2020. This tells you how much potential there is for lithium… whose global sales that year were just $5.3 billion.” – Bob Koort, Head of Industrials and Materials at Goldman Sachs Research
“Obviously Tesla is helping solve the consumption of energy in a sustainable manner, but you need the production of energy in a sustainable manner.”
DISRUPTIVE TECHNOLOGY
The Company has acquired the rights to commercialize a novel, ESG-compliant processing technology designed to greatly simplify and accelerate lithium recovery from purified spodumene (spodumene concentrate), thereby lowering overall lithium production costs. Initially, benchtop and pilot plant-scale laboratory testing and process design will aim to demonstrate profit parity with lithium production from brines, with the ultimate goal to commercially outperform competing brine operations.
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GLOBAL IMPACT
Fully proven out, the Medaro HLT will offer a game-changing impact upon a sector of the worldwide lithium industry that relies upon, and seeks to expand, spodumene pegmatite mining. Medaro aims to develop and advance the technology and plans to use lithium prospects in both Northern Quebec and Ontario, Canada as potential trial projects.
The International Energy Agency says that to achieve global emissions goals, EVs need to make up 60% of the global market share.
Multiple countries across the world have been releasing their plans for phasing out internal combustion engines.
In the United States, 12 states have announced a program to ban internal combustion cars by 2035. The list includes California, New York, Massachusetts, North Carolina, Connecticut, Maine, New Jersey, New Mexico, Oregon, Washington State and Rhode Island, and Hawaii.
Innovation is driving a constantly evolving image of the future. Some concepts that were once only dreams are becoming increasingly real.
Some industry experts believe when Apple begins production of its EVs, it is definitely going to be a game-changer for the EV sector.
Lithium battery storage won’t stop with EVs. Residential construction will eventually shift to built-in storage options like Tesla’s Powerwall.
Future markets are much larger than electric vehicles and are poised to require a much larger amount of lithium than the EV sector.
The solar panel energy storage market could eventually equal the EV sector needs.
Solar panel producers demand green lithium to suit their environmentally friendly requirements.
Leading the way in this sector are Tesla’s “solar roofs.” Similar in appearance to a a residential roof, except the entire surface is an electrical generator.
“We really want to force the industries that we’re buying materials from to make sure that they’re doing it in a responsible way. As an industry, we are going to be buying so much of these materials that we do have significant power to leverage that situation very strongly. And we intend to do that.” – Sue Slaughter, Ford’s Purchasing Director for Supply Chain Sustainability
