is lithium a Precious metals
Lithium is the lightest metal and has the greatest electrochemical potential. It is ideal for batteries, as it can store more energy than other metals.
What are the 5 most valuable metals?
What are Precious Metals?
Precious metals are rare metals that have a high economic value, they are rare, naturally occurring metallic chemical elements of high economic value. The four primary precious metals are gold, silver, platinum, and palladium.
Why is lithium so precious?
What is lithium ore?
Lithium is an element valuable for the production of glass, aluminum products, and batteries. It is mined from ores of petalite LiAl(Si2O5)2, lepidolite-K(Li,Al)3(Al,Si,Rb)4O10(F,OH)2, spodumene LiAl(SiO3)2 and also subsurface brines.
Lithium Producing Countries
Zimbabwe holds some of the world's largest reserves of hard rock lithium and the largest lithium deposits in Africa. The Bikita mine, located 308 kms south of the capital Harare has the country's largest lithium mines with reserves of 10.8 million tons of lithium ore.
Uses of lithium
An important growth driver is its use in the batteries of electric vehicles. However, lithium is also used in the batteries of laptops and cell phones, as well as in the glass and ceramics industry.
What country is the largest lithium producer?
Australia is the world's largest lithium producer, accounting for nearly half of global production in 2020. Bolivia, Chile and Argentina (the “lithium triangle”) have the largest estimated resources, with nearly 50 million tonnes of lithium between the three countries.
What’s the best precious metal to invest in
Gold is the most well-known and investable precious metal. It's unique for its durability (it doesn't corrode), shaping capability, and ability to conduct heat and electricity. While it has some industrial uses in dentistry and electronics, it's primarily used to make jewelry or as a form of currency.