Lithium has long established itself as one of the leading metals. It is employed in several applications, from mobile phone batteries and medical equipment to the more recent electric vehicles.
As a Torontonian, you are probably aware of a simpler time with smaller phones complementing the city’s cultural heritage. However, with the advancements in lithium metal production technology, Toronto has witnessed the rise of portable electronics.
For the most part, these electronics have made life easier, simpler, and faster. But how vital is lithium? Read on to find out.
Market for Lithium Batteries
Torontonians will recognize that Canada is set to become the number one in battery production, with abundant raw materials and factories. In fact, Toronto is home to multiple small manufacturing units with a focus on innovation.
Currently, the Canadian battery market is on the rise, primarily due to the requirements for portable electronics and electric vehicles. It is scheduled to grow at a CAGR of 18.13% and promises to reach a value of $6770.67 billion by the year 2028.
Why is Lithium Preferred for Batteries?
Before the widespread use of lithium, nickel-cadmium batteries were commonplace. These were one of the first technologies to be perfected for batteries, which used an alkali as an electrolyte.
But with the advent of lithium, there was a noticeable shift towards the metal. Lithium batteries charge faster, and last longer with a higher power density, which gives more battery life in a lighter package. Hence, it was one of the primary reasons for the gradual shift to portable electronics and decreased the number of bulky devices.
Benefits of Lithium Batteries
The reason for choosing lithium is straightforward – it provides one of the highest energy densities among the current battery lots in the market. Not to mention, it requires minimal maintenance to work. Portable electronics are the biggest beneficiaries since it is now possible to carry around your laptop or mobile phone without the fear of rapid battery discharge.
So, whether you are looking to visit the iconic castle in Toronto to click pictures or planning to work outdoors surrounded by the city’s greenery, rest assured that you will never run out of juice!
Some of the other benefits of these batteries are as follows:
- Possesses a longer shelf life with consistent performance. It means that you no longer have to worry about constantly replacing them. Consistent performance makes them perform three times better than their competition – nickel.
- Although non-renewable when created, these batteries are recyclable, easing the environmental impact.
Since Toronto is renowned for its efforts toward sustainability, lithium batteries offer the perfect option for residents.
The Impact of Lithium Batteries
The most significant advancements in portable electronics began with the introduction of lithium-polymer cells. These were thin, rectangular, and customizable, allowing them to fit into slim electronic devices.
Combine their structure with the properties of lithium, and the market has a perfect material for making efficient portable devices. These batteries have found wide application in notebooks and mobile devices alongside high-end processors.
Toronto was no stranger to this development. With the rise of lithium metal production technology, Toronto was home to multiple lithium manufacturing units looking to capitalize on the popularity of the metal.
With electronics getting slimmer and electric vehicles surviving longer hours without charging, lithium batteries promise to improve with time. Meanwhile, they are still the best options in the market, having a leading edge over alternatives like nickel.