“Strategic Technological Advancements and Supply Chain Integration”
- A key and accelerating trend in the global Lithium Chemical market is the integration of advanced technologies such as AI, IoT, and process automation across the lithium value chain—from exploration to refining—enabling greater operational efficiency, predictive maintenance, and real-time quality control
- For instance, in October 2023, SQM and Rio Tinto announced AI-driven initiatives to optimize lithium extraction from brine resources, improving yield and minimizing environmental impact. These efforts signal a broader industry shift toward digital transformation to address rising demand and sustainability pressures
- Battery manufacturers and automakers are increasingly forming vertical integration strategies with lithium producers to secure raw material supply. In May 2024, General Motors expanded its partnership with Lithium Americas Corp to jointly develop the Thacker Pass project in Nevada, a major lithium resource critical for GM’s EV roadmap
- The adoption of direct lithium extraction (DLE) technologies is another major trend, allowing faster, cleaner, and more scalable production of lithium. Companies such as Lilac Solutions and EnergyX are deploying DLE pilot projects across South America and North America with promising results
- The push for battery recycling and closed-loop lithium supply chains is gaining traction as manufacturers seek to recover lithium from end-of-life batteries. In 2024, Redwood Materials and Ascend Elements scaled up their lithium recovery capacities in the U.S., reinforcing the trend toward circular economy practices
- These advancements are reshaping expectations in the battery and clean energy industries, as stakeholders prioritize sustainability, efficiency, and security of lithium supply. As a result, lithium chemical producers are investing in digital tools, strategic alliances, and clean extraction technologies to stay competitive in this fast-evolving market
