Rising global tensions and ‘white gold’ Most people only see...

Rising global tensions and ‘white gold’
Most people only see lithium as a ‘fuel’ for electric cars. That’s what’s been getting all of the mainstream attention anyhow. That and the growing potential for home (and business) battery storage.
While those are both going to drive increased demand for lithium over the next few years, there’s a lot more to the story which you don’t hear much about.
You see, ‘white gold’ has attracted the interest of the world’s leading military powers. Nations with a combined military budget of roughly US$1.7 trillion per year. And it’s already starting to transform the military, a trend which I expect will grow even more rapidly than rising global tensions.

Lithium military technology in development
Lithium-ion batteries are a massive new trend, and the military wants in.
It’s all about moving man and machine around the globe and around the battlefields of tomorrow. Without needing to haul around giant tankers of fuel. Or giving your position away with awkward plumes of smoke.
And while that may sounds like a futuristic dream, as the battery’s effectiveness and efficiency rapidly improves, it could become a reality faster than you may believe. Similar to the development of the ‘Turing Machine’ during the Second World War, lithium-ion battery technology could advance rapidly, with billions of dollars in investment from international militaries.

taken from
Jason Stevenson,
For Money Morning