The lithium battery is not of Lithium-ion battery. LB is a disposable type, while LIB is a rechargeable type.

Lithium Battery is a primary battery that has lithium as an anode. This type of battery is also referred to as Lithium-Metal battery.

It has a high charge density (long life) and a high cost per unit. Depending on the design and chemical compound used, lithium cells can produce voltage from 1.5V (comparable to a Zinc- Carbon or Alkaline battery) to about 3.7V.

The Lithium-ion Battery is secondary which is rechargeable i.e. Lithium is especially useful because its ions can be arranged to move between the anode and cathode, using an intercalated lithium compound as the cathode material but without using Lithium metal as the anode material.

USES OF LB

Widely used in portable consumer electronic devices and in EV ranging from full-sized vehicles to radio controlled toys.

USES OF LIB

Common rechargeable battery for portable electronics, with a high energy density, tiny memory effect, and low self-discharge. LIB is also growing in popularity for military, battery electric vehicles, and aerospace applications.

QUANTITIES/PRODUCTION TREND

As of 2016, global Lithium-ion battery production capacity was 28gigawatt-hour, with 16.4gigawatt-hour in China.

There is perceived growth in demand for lithium metal due to the widespread adoption of lithium batteries in emerging technologies. Lithium batteries have become a preferred power source for energy-hungry devices such as cell phones because they are more efficient and scalable than previous-generation Nickel-metal hydride batteries,thus they are in high demand in support of automobile and electronic manufacturing.

The current projection of the global market for lithium-ion batteries ranges from US$26billion in 2023 to US$33billion in 2026.