China played a great role on lithium industry sector

Lithium is a chemical substance with the symbol Li and atomicnumber3. It is a soft, silvery-white alkali metal. Under standard conditions, it is the least dense metal and the least dense solid element. Like all alkali metals, lithium is highly reactive and flammable, and must be stored in vacuum, inert atmosphere, or inert liquid such as purified kerosene or mineral oil. When cut, it exhibits a metallic luster, but moist air corrodes it quickly to a dull silvery gray, then black tarnish. It never occurs freely in nature, but only in (usually ionic) compounds, such as pegmatitic minerals, which were once the main source of lithium. Due to its solubility as an ion, it is present in ocean water and is commonly obtained from brines. Lithium metal is isolated electrolytocally from a mixture of lithium chloride and potassiumchloride.

 Lithium, alongside its application in cell phones, computers, tablets, and a host of other gadgets synonymous with modern life, is often referred to as 'white gold.' It is crucial to the batteries that power electric vehicles. China is certainly a dominant force within the lithium industry sector.

 According to the World Energy Outlook 2022 report, the International Energy Agency (IEA) stated that the country accounted for roughly 60% of the world’s lithium chemical supply. The IEA also reported that China produces three-quarters of all lithium-ion batteries globally.

With demand for lithium rising, major economies are attempting to shore up their own supplies and reduce dependency on other parts of the world, including China.

 This quote from Ursula von der Leyen emphasizes the growing importance of lithium and rare earth elements in the transition towards renewable energy and the development of advanced technologies, suggesting that these materials may become even more critical than traditional energy sources like oil and gas. If you need further edits or additional context, feel free to ask

As well as addressing security of supply, von der Leyen also stressed the importance of processing.

 Today, China controls the global processing industry,” she said. “Almost 90% of rare earths and 60% of lithium are processed in China

With the above in mind, a number of companies in Europe are looking to develop projects centered around securing supply.