Fromhttps://au.finance.yahoo.com/news/ev-battery-designs-unlikely...

From
https://au.finance.yahoo.com/news/ev-battery-designs-unlikely-dampen-175619127.html

“I don't think sodium ion batteries will ease the demand for lithium," said Paul Graves, chief executive of lithium producer Livent Corp, which has deals to supply Tesla Inc, BMW and other automakers. "In fact, demand for lithium is going to be constrained by supply."Some Western automakers are working to cut reliance on magnets made from rare earth metals as well, though that is because China is their largest producer. While there are alternatives for some rare earths, lithium is widely seen as the best metal for energy density in a battery.Sodium ion battery usage could grow to about 15% of the global battery market by 2035, according to estimates from minerals consultancy Adamas Intelligence.That growth, though, should come at the expense of lithium ion phosphate (LFP) batteries, which are commonly used in buses or large batteries, rather than traditional lithium ion batteries, Adamas said."From the standpoint of a lithium producer, it's not a significant threat in the foreseeable future," said Ryan Castilloux, an Adamas managing director.