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Lithium: Boom or bubble? | Projected demand sends prices skyrocketing
Author(s):
Chee Theng; interviewees include Pablo Cortegoso
Date:
Wednesday, February 7, 2018
First presented:
Mining Engineering Magazine February 2018
Media:
Type:
Article
Category:
Other
Electric cars have been stirring up a storm for lithium. Prices of the mineral, which is an essential component of the lithium-ion batteries that power electric cars like Teslas, have been rising to stratospheric heights since October 2015 amid the prospect of widespread mass production of fully electric cars, each requiring some 21.4 kg (47lb) of lithium carbonate equivalent in their batteries. Is the price boom sustainable, or is it a bubble? The answer may be a bit of both.