What is Lithium
Lithium has been described as the New Oil due to its potential for shifting our energy usages and storage patterns away from dependence on petroleum - particularly foreign oil. Lithium's unrivalled potential for satisfying the energy goals of the modern world and powering the needs of future generations has made it to the backbone of Obama administration's green agenda, receiving significant government funding and subsidies for its continued development

Since the end of World War II lithium metal production has greatly increased. The metal is separated from other elements in igneous minerals such as those above. Lithium salts are extracted from the water of mineral springs, brine pools and brine deposits. The metal is produced electrolytically from a mixture of fused lithium chloride and potassium chloride. In 1998 it was about 95 US$ / kg (or 43 US$/pound).

Other uses
Electrical and electronic uses:
Lithium batteries are disposable (primary) batteries with lithium metal or lithium compounds as an anode. Lithium batteries are not to be confused with lithium-ion batteries, which are high energy-density rechargeable batteries. Other rechargeable batteries include the lithium-ion polymer battery, lithium iron phosphate battery, and the nanowire battery. New technologies are constantly being announced. Lithium niobate is used extensively in telecommunication products such as mobile phones and optical modulators, for such components as resonant crystals. Lithium applications are used in more than 60% of mobile phones.
Applications and Market

Because of its specific heat capacity, the highest of all solids, lithium is often used in coolants for heat transfer applications. In the later years of the 20th century lithium became important as an anode material. Used in lithium-ion batteries because of its high electrochemical potential, a typical cell can generate approximately 3 volts, compared with 2.1 volts for lead/acid or 1.5 volts for zinc-carbon cells. Because of its low atomic mass, it also has a high charge- and power-to-weight ratio. Lithium is also used in the pharmaceutical and fine-chemical industry in the manufacture of organolithium reagents, which are used both as strong bases and as reagents for the formation of carbon-carbon bonds. Organolithiums are also used in polymer synthesis as catalysts/initiators[50] in anionic polymerization of unfunctionalised olefins.[51][52][53] Lithium-6 is valued as a source material for tritium production and as a neutron absorber in nuclear fusion. Natural lithium contains about 7.5 percent lithium-6. Large amounts of lithium-6 have been produced by isotope separation for use in nuclear weapons. Lithium-7 gained interest for use in nuclear reactor coolants.

Lithium mine production (2008) and reserves in metric tonnes
Country Production Reserves Reserve base
 Argentina 3,200 Not available Not available
 Australia 6,900 170,000 220,000
 Bolivia 0 0 5,400,000
 Brazil 180 190,000 910,000
 Canada 710 180,000 360,000
 Chile 12,000 3,000,000 3,000,000
 People's Republic of China 3,500 540,000 1,100,000
 Portugal 570 Not available Not available
 United States Withheld 38,000 410,000
 Zimbabwe 300 23,000 27,000
World total 27,400 4,100,000 11,000,000
Relative Abudance of Lithium
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