From the gadgets that we regularly use such as our mobile phones and laptops, to the growing use of electric vehicles that have become a greener alternative for transportation, lithium-ion batteries have indeed become a core energy source of these well-known breakthroughs, as well as a pedestal of future developments. The market for the lithium industry has grown exponentially and is anticipated to expand further due to decreasing lithium-ion battery costs, while the need for expansion of energy storage systems and electric vehicles increases.