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Start Production Of Lithium Oxide From Lithium Ore | |
| The chemical compound lithium oxide, also known as lithia, is made up of lithium and oxygen atoms. It is an inorganic compound that contains no carbon or hydrogen and is commonly found in nature as the mineral petalite. Lithium oxide is one of the few materials that can absorb and release large amounts of oxygen reversibly, and it has numerous applications in industry and medicine. Lithium oxide has the physical properties of a white, odourless powder that is highly soluble in water. It can also be synthesized from lithium metal. Lithium oxide has the chemical formula Li2O and a molar mass of 23.94 g/mol. Process Lithium oxide is typically made from lithium ore, which occurs naturally as spodumene. To make lithium oxide, spodumene must be mined and then heated to extremely high temperatures until it melts. Other chemical reactions occur at this point to convert the melted spodumene to lithium oxide. The carbo-thermic process is the primary method for converting spodumene to lithium oxide. The ore is heated with carbon in an oxygen-depleted atmosphere, usually in a sealed chamber, during this process. When heated, spodumene reacts with carbon, forming various oxides and emitting volatile gases such as carbon dioxide, methane, and water vapour. The end result is a mixture of various lithium oxides, including lithium oxide. After obtaining the desired oxide composition, the mixture is cooled and filtered to separate the unwanted materials. After that, the lithium oxide can be extracted and used for a variety of purposes. An electrolytic process can also be used to produce lithium oxide. An electric current is passed through a solution containing lithium ions in this process, resulting in the production of lithium oxide. The final product is purer than that produced by the carbo-thermic process, but it is more expensive. Uses and Advantages Lithium Oxide, derived from lithium ore, has numerous applications and advantages. It is used as a catalyst in the chemical industry and in medicine to treat anxiety and depression. It is a fertiliser for soil and aids in the reduction of firing temperatures in the production of glass and ceramics. It can also be used to make lithium hydroxide, which is used in the production of batteries, particularly those used in electric vehicles. It is also used as an antacid and a stabilizer in rocket fuel. Lithium oxide has also been used in agriculture to boost crop yields. It acts as a fertiliser in the soil by supplying important nutrients such as calcium, magnesium, and potassium. Furthermore, it improves soil fertility and helps plants absorb nutrients more efficiently. Global Market Prospects The global lithium market was worth USD 3.64 billion in 2020 and is expected to grow at an 8.1% CAGR between 2021 and 2028, from USD 3.83 billion in 2021 to USD 6.62 billion in 2028. Rapid advancements in rechargeable batteries for laptops, mobile phones, electric vehicles, and digital cameras, fuelled by global growth in the Li-ion battery market, will drive product demand. Rising demand for batteries, lubricants, glass and ceramics, foundry, and other products is expected to drive market growth. China is a major producer of electronic components such as fuel cells, batteries, and capacitors. Fuel cell technologies for electronic vehicles have advanced to help the government's rules for reducing pollution caused by the combustion of petrochemicals and gasoline. Due to widespread product usage in the industrial and commercial sectors such as power, consumer electronics, chemical, industrial, general manufacturing, and others, Asia Pacific is expected to hold the largest share of the global market. Due to various government initiatives and increased foreign investment in the industrial sector, Asia Pacific is rapidly developing. According to research, China has the world's largest reserves of Li. One of the factors supporting the growth of the lithium market is the easy availability of raw materials. Conclusion Because of the growing demand for battery-powered technologies such as electric vehicles, smartphones, and other portable devices, the lithium oxide from lithium ore industry is booming. As more devices use lithium-ion batteries, the demand for lithium oxide from lithium ore has increased. This has created an incredible opportunity for businesses to profit from the rapidly expanding market. Furthermore, as the demand for clean energy grows, so does research into the use of lithium-ion batteries in renewable energy sources. This has increased the market potential for lithium oxide produced from lithium ore. As a result, the thriving industry of lithium oxide from lithium ore is expected to grow at a rapid pace for many years to come. Key Companies • FMC Corporation (India) • Albemarle Corporation (U.S.) • SQM S.A. (Chile) • Tianqi Lithium (Australia) • International Lithium Corp. (China) • LSC Lithium Corporation (Canada) • American Lithium Corp. (Canada) • Livent (U.S.) • Avalon Advanced Materials (Canada) • Sayona Mining Limited (Australia) | |
| Plant capacity: Lithium Oxide 4 MT Per Day | Plant & machinery: 578 Lakhs |
| Working capital: - | T.C.I: Cost of Project: 2808 Lakhs |
| Return: 30.00% | Break even: 57.00% |
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