Lithium Demand
Electric vehicle (EV) and grid energy storage from solar and wind power are becoming a huge demand driver for lithium-ion batteries and the need for more lithium production.
With the US producing less than 2% of the world’s lithium, the US government has designated Lithium (LI) as a “Critical Mineral” of strategic importance to the Nation’s economic and national security. The policy of the US Government is to reduce the Nation’s vulnerability to disruptions in the supply chain of critical minerals. The “Critical Mineral” designation favors domestic sources of lithium that offer a secure, reliable source of supply. The size of the premier resource that is being explored by Falcon Ridge Lithium has the potential to significantly impact the supply of lithium that is produced in the United States.
There is a race underway among the United States, China, Europe and other major powers for supremacy over minerals that could help countries achieve economic and technological dominance for decades to come.
A World Bank report estimate that by 2050 demand for lithium will increase by 965%.
U.S. LITHIUM MEANS U.S. JOBS
Building a US-based lithium supply chain to support electric vehicle manufacturing holds enormous potential for the U.S. Economy; positively impacting the lives of American workers and American families. In addition to helping improve our quality of life by improving the quality of our environment, lithium-driven businesses create well-paying jobs and economic opportunity.
With the demand for lithium-ion batteries expected to grow exponentially over the next 10-30 years, driven by the desire of consumers and governments alike to reduce dependence on fossil fuels, lithium can be a powerful engine for growth for everyone.
"A Critical Mineral"
Designated of Strategic Importance to the Nation's Economic and National Security that offers a Secure and Reliable Source of Supply