lithium car batteries pie in sky, page-3

Pure lithium metal is vastly more expensive than lithium carbonate, which Peter P seems to have erroneously substituted for it. All of his figures are grossly inaccurate.

The auto industry knows that the lithium price is highly elastic because of extraction constraints and regional political instability. That is why cheaper alternatives are being sought before higher demand appears.

US car industry sales are at a 25 year low and hydrid sales are falling. Bankruptcy of all major US manufacturers is being predicted in their bond ratings and by serious commentators. What worse a set of customers could there be?

Peter P's disingenuity is exposed by his professed ignorance of "asset confiscations in Argentina". Only last month, the entire nations' pension funds were expropriated by the government. In the 1993 Argentine Crisis, bank failures cost most depositors their entire savings. Argentina is a serially bankrupt nation.