‘Mr. Lithium’ warns there’s not enough battery metal to go around
Batteries, and more precisely battery metals, are poised to replace chips as the new bottleneck for the auto industry, writes Gabrielle Coppola.
Batteries, and more precisely battery metals, are poised to replace chips as the new bottleneck for the auto industry, writes Gabrielle Coppola.
Elon Musk wants more lithium, but only a handful of countries can supply the material key to the electrification of transportation, at least for now.
Elon Musk warns investors about lithium supply, but a new McKinsey report says geothermal, oilfield brines and new extraction technology can meet seven-fold demand growth.
The law, which came into force on Thursday, elevates lithium to the category of “strategic mineral” that belongs to the state.
The mine will supply a new lithium battery production and manufacturing base in Yichun.
Portugal possesses the potential to mine lithium but there is a polarized perception of mining in the country, writes amil Hijazi.
Battery production, and more specifically lithium, is the “fundamental limiting factor” for electric-vehicle adoption worldwide, Musk said on an earnings call.
Lithium prices took a breather during the first half of April as lockdowns in China make trading difficult, but the lull is unlikely to last, says Benchmark Mineral Intelligence.
Bolivia has 9 million tonnes of identified lithium resources buried beneath its salt flats, yet the country has had barely any production of lithium chemicals.
The proposed law, now in the hands of the Senate, bans all private participation in the exploration and mining of the battery metal.