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The favorable international demand and the recent discovery of lithium reserves in Brazil have led to a sharp increase in the use of metals for batteries.

Two ongoing projects will make Brazil one of the world's largest lithium producers in the next decade.

According to ANM (National Mining Bureau) data, as of early December, there have been 117 applications for lithium battery investigation. This is more than three times last year and nearly ten times the number of applications in 2016.

Valedo Jequitinhonha in the state of North Minas Gerais, Brazil, has brought many expectations because of its discovery of the huge potential of lithium reserves.

Brazil may become one of the world's largest lithium producers in the future

Since the beginning of this year, mining companies have developed some interest in the measurement area in northeastern Brazil; It is mainly distributed in North Rio Grande, Palaiba, Pernambuco and Bahia. Lithium, as an essential raw material for new energy electric vehicles, is sometimes referred to as the "future oil" and is a new darling in the international market.

Due to competition for new reserves, lithium prices have recently skyrocketed, which in turn is due to plans by some developed countries to reduce carbon emissions. Automakers like Volkswagen have announced the goal of ending the production of cars powered by fossil fuels.

Currently, Brazil's lithium production is relatively small, mainly concentrated in Aracua í and MinasGerais, targeting the domestic lubricant and ceramic markets. However, new investments investigating new reserves have undergone changes in the industry.

Ivan Jorge Garcia, an expert in mineral resources at ANM, said that "Brazil's participation in the lithium market is very poor. But now, with the demand for electric motors, the industry is awakening.

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