Understanding the Critical Materials in Lithium-Ion Batteries: Trends in Demand, Supply, and Sustainability
Lithium-ion batteries (LIBs) play a crucial role in driving a sustainable and low-carbon future. However, their rapidly growing demand has heightened concerns about securing a stable, sustainable, and affordable supply of critical raw materials. Beyond sourcing, processing and refining capacities must also expand to support the production of battery-grade chemicals. Additionally, there is increasing scrutiny on the environmental and social impacts of LIBs across their entire lifecycle, with raw material sourcing and production being one of the key concerns. As a result, advancements in mining, processing, and refining technologies for these minerals are more critical than ever to build a resilient and sustainable supply chain for the energy transition. The demand for critical battery materials will…
