|Forum - Mining and Commodities Eh!
||All things commodities, with a Canadian Junior Miner focus.|
|From: madrid (Rep: 0) reply to madrid||Date: 09/11/2017 09:10|
|Forum: Mining and Commodities Eh! - Msg #5965||Thread #673935237 (Rec: 0) |
|Re: Galaxy Resources. Strong Financial Results. Presentation. Uptrend|
| Reply to madrid - Msg #5962 - 09/07/2017 14:38|
Re: Galaxy Resources. Strong Financial Results. Presentation. Uptrend
We’re Going to Need More Lithium
There’s plenty in the ground to meet the needs of an electric car future, but not enough mines.
By Jessica ShanklemanJessica Shankleman, Tom BiesheuvelTom Biesheuvel, Joe RyanJoe Ryan, and Dave MerrillDave Merrill
September 7, 2017
Starting about two years ago, fears of a lithium shortage almost tripled prices for the metal, to more than $20,000 a ton, in just 10 months. The cause was a spike in the market for electric vehicles, which were suddenly competing with laptops and smartphones for lithium ion batteries. Demand for the metal won’t slacken anytime soon—on the contrary, electric car production is expected to increase more than thirtyfold by 2030, according to Bloomberg New Energy Finance.
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