alternative battery to lithium about 10-12 years away(first in- prototype working in an EV). and full phase in (across entire cars) about 15-20 years away. Likely sodium.
so lithium miners have to make their money by then and would've, they only need a few years at current prices to bank.
indians are leading the push- indians being 'cheap' mentality generally
Reliance is headed by Ambani- india's richest man, but this is just start up stage only.Interestingly, Indian conglomerate Reliance has been picking up alternative battery tech manufacturers, recently acquiring UK-based sodium-ion developer Faradion.
Just this week, the Group, led by billionaire Mukesh Ambani, acquired Lithium Werks – a cobalt free battery technology and manufacturing company — for $61 million.
“The combination of Lithium Werks with Reliance’s recently announced acquisition of Faradion Limited, a global leader in sodium-ion cell chemistry, further strengthens Reliance’s technology portfolio and provides it access to one of the world’s leading portfolio of LFP patents and a management team with vast experience of innovation in cell chemistry, custom modules, packing, and building large scale battery manufacturing facility,” Group subsidiary Reliance New Energy said in a statement.
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