Rising lithium prices could derail the EV boom

As the price of lithium has skyrocketed over 400% in the past year, the demand for lithium-ion batteries appears more intense than ever.

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BMW i3 electric car plus battery pack [image credit: carmagazine.co.uk]
If they’re already struggling to get enough lithium when EVs have only a small market presence, where are the supplies for the massive planned EV expansion supposed to come from, and at what cost in already expensive machines? Mining operations don’t spring up overnight, and time is short if supply is to meet the expected demand from the manufacturers.
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As the price of lithium has skyrocketed over 400% in the past year, the demand for lithium-ion batteries appears more intense than ever, says AG Metal Miner @ OilPrice.com.

Lithium has earned the ‘white petroleum’ label due to its dramatic need for supplies from the rise of battery giga-factories, electric vehicles, powerwalls and energy storage businesses.

Battery makers including Tesla, Panasonic and LG Chem, have to budget for the rising cost of lithium. Batteries that go into…

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