World's Least Dense Metal Known as White Oil, Lithium Becomes Opportunity of the Century Despite Limited Supply

World’s Least Dense Metal Known as White Oil, Lithium Becomes Opportunity of the Century Despite Limited Supply

Written by Roberta Souza

Published on 11/01/2023 at 08:35

Foto: Reprodução moneytimes

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The New Treasure Discovered By The Automotive Market, White Oil, Is Nothing More Than Lithium That Is Being Used Heavily In Car Batteries

Have you heard of white oil? Well, it exists and is the great promise for the automotive market! In fact, this element is nothing more than lithium, the least dense metal in the world, which due to its color has earned this nickname.

The lithium metal is already being heavily used by car companies in vehicle batteries, which in turn help the car to play a very important role in society, especially in the realm of renewable energy.

White oil is extremely efficient and more durable than the other components that make up the battery, which is why it is so relevant in the automotive market.

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MEET LITHIUM, THE WHITE OIL

https://youtu.be/vvIL0uDIOTg

Metal Desired By Many

Because of its reputation for being extremely relevant, lithium or white oil is currently the most desired commodity for the start of an energy transition. According to experts, the demand for the metal is expected to greatly increase in the coming years, surpassing its supply (which is limited!).

Although lithium is highly sought after, the supply of the metal is nearly scarce, as it is more present in South America, especially in Chile and Argentina, which are responsible for approximately 30% of the production of white oil.

In addition to these countries, China and Australia also hold significant lithium reserves, controlling 14% and 8% of the world’s deposits and 50% of the production.

High Demand For White Oil

By the end of 2022, the demand for lithium metal approached the mark of 684 thousand tons, meaning that if we follow this number, we will have a demand of about 2.4 million tons of metal by 2030 and a supply of 2.2 million tons.

Thus, the forecast is that demand will exceed supply in the coming years, which could generate a huge disconnect between raw material supply and demand (the deficit of lithium increases until 2030 and deepens further until 2040).

World’s Least Dense Metal Known as White Oil, Lithium Becomes Opportunity of the Century Despite Limited Supply

The New Treasure Discovered By The Automotive Market, White Oil, Is Nothing More Than Lithium That Is Being Used Heavily In Car Batteries

MEET LITHIUM, THE WHITE OIL

Metal Desired By Many

High Demand For White Oil

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While most dealerships in Brazil take days to deliver cars, in Germany two 48-meter glass towers hold 800 vehicles and release each model via automatic elevators in a few seconds.

Goodbye to workers assembling rebar on construction sites: intelligent robot carries and positions more than 2.2 tons of rebar per hour, ties 1,200 intersections per hour, and promises to cut up to 50% of the schedule in bridge construction projects.

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World’s Least Dense Metal Known as White Oil, Lithium Becomes Opportunity of the Century Despite Limited Supply

The New Treasure Discovered By The Automotive Market, White Oil, Is Nothing More Than Lithium That Is Being Used Heavily In Car Batteries

MEET LITHIUM, THE WHITE OIL

Metal Desired By Many

High Demand For White Oil

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

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Balloon the size of a stadium spends 25 days alone over Antarctica at nearly 37 km altitude and returns with data on cosmic antimatter that may reveal one of the rarest clues ever sought about the existence of dark matter.

Forget common renewable energy: HydroWing prepares a 10 MW project in Indonesia to transform ocean currents into predictable electricity, using turbines installed on the seabed in a region where the funnel effect between islands increases tidal potential.

While most dealerships in Brazil take days to deliver cars, in Germany two 48-meter glass towers hold 800 vehicles and release each model via automatic elevators in a few seconds.

Goodbye to workers assembling rebar on construction sites: intelligent robot carries and positions more than 2.2 tons of rebar per hour, ties 1,200 intersections per hour, and promises to cut up to 50% of the schedule in bridge construction projects.

End of bricklayers laying brick by brick: robot places more than 2,000 bricks per day, automatically applies cement, works with only one human operator next to the machine, and transforms traditional masonry into a high-speed semi-automated operation.