Insights into Circular Economy Potential of Lithium by System Dynamic Modelling of Material Streams

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Abstract

Lithium is a key raw material for producing lithium-ion batteries. This study applies system dynamics modelling to demonstrate the (1) global lithium demand in specific lithium applications from 2005to 2050, (2) the adequacy of lithium reserves for future lithium demand, (3) lithium content of waste streams throughout lithium value chain and (4) potential of various circular strategies for answering to the rising lithium demand. According to the modelling results, the main lithium application is battery electric vehicle batteries (almost 60% in 2023 to 80-90% by 2050) with current battery chemistries. Without circular strategies, 75-85% of lithium is wasted throughout the value chain.Circular strategies may reduce the waste considerably (7-47%), but to maintain sustainable supply of lithium a stacking of multiple complementary circular strategies over the lithium value chain is required.
Original languageEnglish
Article number e202300231
JournalBatteries & Supercaps
Volume6
Issue number12
DOIs
Publication statusPublished - Dec 2023
MoE publication typeA1 Journal article-refereed

Funding

The authors gratefully acknowledge the financial support obtained from the Academy of Finland via the Romulus programme (decision 346722). Parallel financial support from VTT Technical Research Centre of Finland Ltd is also acknowledged.

Keywords

  • batteries
  • circularity
  • lithium
  • material flow analysis
  • materials science
  • system dynamics

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