Lithium is an important element for energy storage.
Due to the increasing use of rechargeable lithium-ion batteries, especially in the automotive industry, a considerable demand is expected in the next few years, which in turn represents an excellent platform for the growth of Deutsche Lithium GmbH. The global lithium-ion battery market is expected to grow to $ 70 trillion by 2020.
In lithium-ion batteries, lithium is used as a component of the cathode and as conductive salt in the electrolyte of the battery.
As part of the Zinnwald Lithium Project, Deutsche Lithium has developed a process for the production of high-purity and cost-effective Lithium Hydroxide Monohydrate, which will be made available to the market.