Lithium Australia is ambitious and wants to use mining waste to make lithium batteries. The company announced last week that its lithium-ion batteries were made entirely from mining waste, the first in the world. The company uses a waste processing technology that has been patented to replace high-purity lithium hydroxide or lithium carbonate with tri-lithium phosphate. Reduce battery production costs.
This technology has attracted the attention of the industry: the high battery cost has always been the main obstacle to the widespread application of electric vehicles, and another major technical obstacle is its reliability. Lithium Australia did not elaborate on the reliability of its lithium battery, and the company believes that it is too early to talk about it. In fact, the ability to use mining waste to make batteries has been a big step forward. However, the company also pointed out that the lithium-ion battery produced by the company has performance comparable to that of lithium carbide batteries, which meets current industry standards and has certain development prospects.
Market research company Roskill revealed in a recent report that by 2027, the proportion of lithium hydroxide in lithium batteries will increase from the current 25% to 75%, but the cost of lithium hydroxide Higher than trilithium phosphate used in Lithium Australia. As the demand for batteries grows, the demand for trilithium phosphate will also increase significantly, driving the application of cheap lithium batteries, which will make Lithium Australia batteries gradually available.
In addition, Ford and GM recently announced that they will launch a joint project dedicated to the development of a battery recycling process that uses materials from used lithium-ion batteries to make new cathode materials. The material is said to reduce battery cost and increase battery energy density.