The global demand for lithium salts has dramatically increased in recent years due to the fast-developing market for lithium-ion batteries (LIB), specifically for the automotive industry. The two most important compounds in which lithium is traded are lithium carbonate (Li2 CO3) and lithium hydroxide (LiOH). Both compounds are produced by extracting lithium from natural repositories, such as geological ores and underground brines, and are ultimately used in different LIB components. While lithium carbonate extraction is typically less expensive, lithium hydroxide is popular because of its low temperature decomposition which helps establish a more sustainable battery cathode manufacturing process and makes the final product more long lasting.
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