September 25, 2022 10:52 AM CDT
The Challenge with Lithium mining for EV's.
Bloomberg reported lithium carbonate, a key metal in EV batteries, hit a new record high in China this week. Per ton, prices jumped to 500,500 yuan ($71,315), more than triple the price versus last year.
The challenge with lithium production and how it will affect the global market being caused by the global surge in lithium prices, rising battery costs, increase in demand for EV's, reduced mining output due to global crises with tighter supplies on hand will resulting in a higher cost overall on the EV market.
We need more national discussion on how to best handle battery waist and particular concern is to continue relying on the two biggest mining countries that produce lithium which are China and Russia. Given the current climate of the Russian state's war in Ukraine, can we depend on lithium from Russia?
The Challenge with Lithium mining for EV's.
[size= 10pt][b][url=https://www.zerohedge.com/commodities/lithium-prices-hit-new-record-ev-affordability-concerns-mount]Lithium Prices Hit New Record As EV Affordability Concerns Mount[/url][/b][/size]
[url=https://www.bloomberg.com/news/articles/2022-09-16/lithium-smashes-new-record-as-supply-struggles-to-feed-ev-growth?utm_content=markets&utm_campaign=socialflow-organic&utm_medium=social&utm_source=twitter&cmpid%3D=socialflow-twitter-markets]Bloomberg[/url] reported lithium carbonate, a key metal in EV batteries, hit a new record high in China this week. Per ton, prices jumped to 500,500 yuan ($71,315), more than triple the price versus last year.
[b][size= 12pt][url=https://www.activistpost.com/2022/09/never-mind-threats-to-power-grids-fires-recalls-other-issues-its-rising-lithium-prices-that-could-derail-the-ev-revolution.html]Never Mind Threats to Power Grids, Fires,Recalls, Other Issues, It’s Rising Lithium Prices that “could derail theEV revolution”[/url][/size][/b]
The challenge with lithium production and how it will affect the global market being caused by the global surge in lithium prices, rising battery costs, increase in demand for EV's, reduced mining output due to global crises with tighter supplies on hand will resulting in a higher cost overall on the EV market.
We need more national discussion on how to best handle battery waist and particular concern is to continue relying on the two biggest mining countries that produce lithium which are China and Russia. Given the current climate of the Russian state's war in Ukraine, can we depend on lithium from Russia?