Tag: Lithium Production

Reset Point for Global Lithium Market Causing Rising Prices; Mining Sources Become Sold Out So Prices Hold; Market Grows; U.S. Builds Charging Stations.

There is a limited global supply of Lithium for EV batteries.
Pent up demand for EVs caused by COVID now coming about.
Prompts more mining for lithium will be in Europe & U.S. starting to initial mine.
Presently every global operating mine is “sold out” for the future.
Trouble is much of American lithium is too expensive to pull out of the ground

The Dirty Little Secret of White Oil- Running Out of Sources for Lithium? Mounting Alarm for Rechargeable Batteries & EV Market; Australian Mining To the Rescue?

The size, sources, & supply of lithium seems to be a “dirty little secret”
Conflicting reports on sourcing causing race to find a steady source of lithium
Lithium is the key component in rechargeable electric car batteries.
Almost every ounce of battery-grade lithium is imported to U.S. & Europe.
The U.S. goal for EV production prompts the urgency of getting a lithium supply unleashed in a mining boom.
Claims being made that the Race for “white oil” threatens to cause damage to the natural environment & price wars.
Lithium supply is set to triple by 2025.
Will the global electric vehicle market manage the supply & demands factors?