Lithium as an investment increased tendency for costlier components to be targeted for replacement by new technologies. Current projections of the global market for lithium-ion batteries range from $26 billion in 2023 ("Navigant Research") to a very optimistic $33 billion in 2019 ("Transparency Market Research"). Lithium metal is an extremely soft, highly reactive, and flammable element. It is most frequently found in deposits such as spodumene and pegmatite minerals, with larger resources in the U.S., Canada, Australia, China, Zimbabwe, and Russia. Lithium possesses a unique chemical profile making it the lightest metal in the periodic table and the least dense solid element. Its atomic
Period 3 element characteristic odor to rotting eggs and other biological processes. "Chlorine" (symbol Cl) is the second lightest halogen, found in the periodic table in group 17. The element forms diatomic molecules under standard conditions, called dichlorine. It has the highest electron affinity and the third highest electronegativity of all the elements; for this reason, chlorine is a strong oxidizing agent. The most common compound of chlorine, sodium chloride, has been known since ancient times; however, around 1630, chlorine gas was obtained by the Belgian chemist and physician Jan Baptist van Helmont. The synthesis and characterization of elemental chlorine occurred in 1774