A battle for supremacy in the lithium triangle

www.economist.com

The Economist:

Lithium is a coveted commodity. Lithium-ion batteries store energy that powers mobile phones, electric cars and electricity grids (when attached to wind turbines and photovoltaic cells). Joe Lowry, an expert on the lightest metal, expects demand to nearly triple by 2025. Supply is lagging, which has pushed up the price. Annual contract prices for lithium carbonate and lithium hydroxide doubled in 2017, according to Industrial Minerals, a journal. That is attracting investors to the “lithium triangle” that overlays Argentina, Bolivia and Chile. The region holds 54% of the world’s “lithium resources”, an initial indication of potential supply before assessing proven reserves.

We've talked before about solar being the new oil, but what if it's lithium...

Read more...
Linkedin

Want to receive more content like this in your inbox?