The latest report titled “Lithium Chloride Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Lithium Chloride.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describesthe stepwise consumption of material and utilities along witha detailed process flow diagram. Furthermore, the studyassessesthe latest developments within the industry that might influence Lithium Chloride production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Lithium Chloride Production Process:
1. From Chemical reaction of Lithium Carbonate with Hydrochloric Acid: This report presents the detailed production methodology and cost analysis of Lithium Chloride industrial production across Lithium Chloride manufacturing plants. The process initiates by combining lithium carbonate with hydrochloric acid. This chemical reaction yields lithium chloride as the end product, accompanied by the production of gaseous carbon dioxide and water as secondary products.
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Product Definition:
Lithium chloride (LiCl) is a chemical compound composed of lithium, a highly reactive alkali metal, and chlorine, a halogen. It exists as a white, crystalline solid at room temperature and is highly soluble in water. Lithium chloride has various applications, including serving as a desiccant (moisture-absorbing agent) in air conditioning systems, as well as in the production of lithium metal through electrolysis. It is also used in certain chemical and pharmaceutical processes. In addition, lithium chloride plays a role in laboratory research and is utilized in some industrial applications due to its unique chemical properties. As a lithium compound, it contributes to advancements in energy storage technologies, specifically in lithium-ion batteries, which are crucial for portable electronic devices and electric vehicles.
Market Drivers:
The market drivers for lithium chloride are primarily linked to its key applications and the broader trends in industries that heavily rely on lithium-based products. One significant driver is the increasing demand for lithium-ion batteries in electric vehicles (EVs), renewable energy storage, and portable electronic devices. As the world shifts towards sustainable energy solutions, lithium chloride becomes essential in the production of lithium metal for advanced battery technologies. Moreover, its role as a desiccant in air conditioning systems contributes to the growing demand in the construction and HVAC sectors. The expanding pharmaceutical and chemical industries, where lithium chloride finds applications in certain processes, also drive market growth. Overall, the rising emphasis on clean energy, technological advancements, and evolving industrial needs contribute to the increasing demand for lithium chloride.
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