Nicknamed white petroleum or White gold, lithium is an essential component in the manufacture of rechargeable batteries found in smartphones,laptops,electric cars,cameras etc pretty much anything that needs charging has lithium.
With the increasing demand of electric vehicles it’s estimated that lithium demand will increase plenty fold in coming years and numerous countries are scrambling to look for the mineral
electronic companies like Samsung are setting up facilities in South America to process the mineral where more than 50 % of known deposits are found, lithium is worth double what it was 2 years ago.
lithium mining companies have seen massive returns.
In Africa, DR Congo and Mali are estimated to be sitting on reserves worth billions.