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 5 element number increases in the alkali metals, for it is more reactive than potassium, but less so than caesium. In addition, both potassium and rubidium yield almost the same hue when ignited, so researchers must use different methods to differentiate between these two 1st group elements. Rubidium is very susceptible to oxidation in air, similar to most of the other alkali metals, so it readily transforms into rubidium oxide, a yellow solid with the chemical formula RbO. Strontium is the second element placed in the 5th period. It is an alkaline earth metal, a relatively reactive group, although not nearly as