As electric vehicles gain popularity and energy transition initiatives increase demand for energy storage, countries around the globe are seeing a rapid increase in demand for lithium batteries and the raw materials required to manufacture them. Recognizing this opportunity, many manufacturers are pursuing operations to supply more batteries and strengthen supply chains. However, in many world areas, the lithium battery value chain is still developing and maturing, and organizations are building the expertise and process knowledge of how to mine lithium, refine it to the required quality, perform the specialty chemical processing to produce the battery materials, and then build a battery that is safe and effective throughout its lifecycle.
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