The New Mineral Rush - and What It Means for the Future of Business: A Deep Dive into the Role of Lithium

At our most recent network gathering, we explored one of the most strategic issues of our time: critical raw materials and their significance for geopolitics, electrification, and Sweden’s competitiveness. At a time when demand for lithium, rare earth elements, and other innovation-critical metals is rapidly increasing, knowledge of these resources is becoming ever more important - not least for the business community.

We had the privilege of listening to Eva Krutmeijer (RD02), Founder of EKKO, and Maria Sunér (RD18), CEO of Svemin. They shared both research and industry perspectives on the role of lithium in the energy transition, China’s position in the value chain, and what the EU’s new raw materials strategy means for Sweden as one of Europe’s most important mining nations.

Some key takeaways from the afternoon:

How Sweden can contribute to increased production:

• The potential and expertise are in place

• The political will exists

• Regulatory frameworks (and politics) create challenges and barriers

• Financing and market conditions remain challenging

• Public acceptance is essential

Key challenges:

• Availability of minerals and metals

• Battery technology and chemical expertise

• Battery manufacturing capacity

• Geopolitical uncertainty

• EU cohesion

• Sustainability targets

It was a highly insightful and engaging afternoon, filled with new perspectives, important insights, and valuable conversations within the network. A big thank you to our appreciated speakers and all participants who contributed to a dynamic and inspiring discussion!