Lithium demand tripled: BMW signs contract with Argentine mining company

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of Kilian Marx am 30.03.2021

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From 2022, the BMW Group will have another source of lithium, the rare raw material and important component of batteries. The Munich-based automobile manufacturer has signed a contract with the US company Livent, which BMW is having for 285 million euros.

Since BMW wants to have a dozen purely electric car models on offer from 2023 and envisions that around half of the cars it sells will be fully electric by 2030, the company is pushing ahead with securing raw materials. BMW wants to make itself technologically, geographically and geopolitically independent of a supplier in the expansion of electromobility and is therefore now concluding another lithium contract after signing the contract with the company Ganfeng, which has been supplying lithium from Australia since 2020.

Starting in 2022, the US company Livent will be supplying the Munich-based car manufacturer with lithium from Argentina and will receive 285 million euros from BMW for this. Livent promises sustainable extraction of the raw material through an innovative process that should ensure sustainable water use and minimize the impact on local ecosystems and communities.

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The light metal lithium is currently an indispensable part of battery technology, regardless of whether it is about portable electronics, network storage or …

The light metal lithium is currently an indispensable part of battery technology, regardless of whether it is about portable electronics, network storage or e-car batteries. So far, the material has primarily been mined in Chile, Argentina and Australia and …

In contrast to conventional mining, the brine, which is pumped from the layers below the salt lakes as a by-product of lithium extraction, should not evaporate in shallow basins, but rather should be returned directly to the surrounding habitat. This should maintain the balance between the brine and groundwater layers.

EFAHRER.com editor-in-chief Josef Reitberger has analyzed for you how dangerous the extraction of raw materials really is for our environment. You can find his assessment here.

Due to the high level of interest in e-mobility and the increased production of electric cars, the demand for raw materials that are used for e-car batteries is increasing. In a forecast, researchers from the Karlsruhe Fraunhofer Institute for Systems and Innovation Research assume that there will be three and a half times the need for lithium by 2035 than at the current time of production. As an important component of electric car batteries, lithium is becoming an increasingly valuable commodity.

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https://efahrer.chip.de/news/siebenfacher-lithium-bedarf-bmw-schliesst-vertrag-mit-argentinischem-bergbau_104513

Lithium demand tripled BMW signs contract Argentine mining company

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