What Properties Of Lithium Useful In Batteries?

Lithium compounds is a silver-white, alkali, and soft metal generally present in the plants, soil, human and animal body. These products are generally extracted from mineral springs and ores, where they found in minor amounts. Lithium compounds react vigorously with water and have the lowest density of all the metals. These products form numerous inorganic and organic compounds, including oxide, hydride, nitride, hydroxide, carbide, etc. These compounds find applications in cooling systems for rechargeable batteries, nuclear reactors, glass ceramics, special glasses, armor plating, aircraft, bicycle frames, etc.

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Lithium Battery

Growing demand from several end-use industries in developed and developing regions and the promotion of application-specific grades by manufacturing companies is anticipated to fuel the lithium compound market in the near future. The lithium compounds market has witnessed numerous key developments in terms of application-specific grade advancements and strategic investments in emerging regions. Companies operating in the lithium compounds market are focused on strengthening their market position in the global market. Some of the other key factors governing the market dynamics include exchange rates, regulatory scenario, environmental constraints, and so on. All these factors are anticipated to have a noteworthy impact on the dynamics of the lithium compound market over the forecast period.

The emerging players includes are Albemarle Corporation, Sociedad Quimica Y Minera De Chile S.A. (SQM), Livent Corporation, Tianqi Lithium Industries Inc., Ganfeng Lithium Co. Ltd., China Lithium Products Technology Co. Ltd., Sichuan NiandCo Guorun New Materials Co. Ltd., Shanghai China Lithium Industrial Co. Ltd., Nemaska Lithium Inc., Bacanora Lithium.

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