By on November 13, 2019

The lithium industry — essential for the production of battery electric vehicles — has run into a problem. It’s currently amassing more of the metal than it needs. Despite automakers like Tesla suggesting there will be upcoming global shortages of metals like copper, nickel, and lithium, the only element that battery suppliers appear to be truly desperate for is cobalt, which is largely the fault of where and how it’s mined (the Congo, often by children).

Demand for the brittle, bluish metal skyrocketed this year, but not lithium. The latter metal’s global supply currently exceeds demand by about 5 percent, according to data from Canaccord Genuity.  (Read More…)

Recent Comments

  • Lou_BC: @zerofoo – I take it you don’t understand how daily compounded interest on a credit card works?
  • Old_WRX: slavuta, “Doctor says: Stop the panic over the Delta variant” But, panic is the whole purpose....
  • Lou_BC: @toolman – excellent information
  • Lou_BC: @Master Baiter. LOL Where did I say the unvaccinated should be forced against their will to get vaccinated?...
  • Lou_BC: Lupus caused by which vaccine? Citations required!

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber