Thesi’s soapbox questions for Ken Brinsden, page-37

I have argued the substitution point with some well known parties in the scene and I accept that it is unlikely to change rapidly. I think we even agreed that the next 20 years is fair range.

We both know the potential of magnesium, however at this time there is no definite substitution from that side at this time and it may begin being used in portable devices to prove itself first.

Despite this, if an alternative became available it is unlikely in fact considering the amount of demand perceived that lithium would no longer be required. Oil isn't going away anytime soon. I remember someone mentioned that oil in cars is only 25% of global use so there will be more technological advances to substitute its need elsewhere.

If based on the above slide lithium only even takes up 0.8kg per KWh that's only 32kg for a 40KWh battery.

At USD$40,000 per tonne that's only USD$1,280 for a component that makes or breaks the electric vehicle and at this time is unable to be substituted.

Some say that it is the fuel of electric vehicles. In a round about way this is right for the layman because without it there is no electric propulsion because no charge can be held to meet to vigiourous demands required from the application.

Neometals and Galaxy Resources haven't even exported yet and electric vehicles haven't even made an impact but we are talking about a bubble?