Lithium Stock News
Lithium is a silver-white, lightweight, heat-resistant metal that has other properties that also make it ideal for rechargeable batteries — offering higher power and lower self-discharge rates than other chemical materials. Represented with the symbol Li and atomic number 3, lithium can be found in brines, clays and hard pegmatitic rock, but the brines — such as the deposits mined by Lithium Exploration Group — offer a significant cost advantage by a factor of about two or more.
Over the past two decades, lithium has become an integral component in a wide range of technology and environmental applications from small electronic devices to, more recently, electric and hybrid vehicles. Not only is lithium useful as a consumer and industrial metal, lithium battery technology is expected to play an essential role in the impending revolution in green energy.
Lithium batteries are in increasing demand because they offer a number of advantages over competing technologies. They contain three times the energy density of nickel metal hydride batteries, while recharging faster for up to 3,000 recharge cycles. Lithium batteries also offer better acceleration in electric vehicles, a benefit for consumers. And finally, they are suitable for use in extreme temperature environments — up to 60 degrees Celsius.