Lithium, page-725

The New Revolution! !





1hKen Brinsden‏ @KenBPilbara
Forget oil: Lithium Is transportation's future (link: http://usat.ly/28T0i4n) usat.ly/28T0i4n via @USATODAY hard rock lithium a quality/faster supply response


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  Electric vehicles will be the rule rather than the exception; and lithium the number one commodity of our time.
  
  
  Germany has mandated that all new cars registered in the country will have to be emissions-free by the year 2030. And to make this a reality, the government has cut a deal with automakers to jointly spend $1.4 billion on incentives to boost electric car sales. They’re hoping to sell 500,000 EVs by 2020. So they’re subsidizing the EV industry, and giving lithium an automatic boost at a time when it doesn’t even need it.
  
  Norway is following suit as well, working on legislation to outright ban the sale of gasoline-powered cars by 2025.
  
  And in the U.S., the Wall Street Journal now reports that the mainstream popularity of electric cars will reduce gasoline demand by 5% to 20% over the next two decades, assuming that EVs gain more than 35% market share by 2035.
  
  While our energy revolution got off to a slow start, better cars at more affordable prices, tighter air-pollution regulations and a growing global desire to halt climate change have pushed the revolution over the edge. It’s all powered by lithium, which has always enjoyed steady demand just from our consumer electronics cravings — but is now about to go where no mineral has gone before.
  
  
  Musk would agree. When he cut the ribbon on the new gigafactory he noted that he alone would use up most of the world’s existing lithium supply.
  
  “In order to produce a half million cars per year…we would basically need to absorb the entire world’s lithium-ion production,” Musk said.
  
  And that’s just one man, one brand of EV and one gigafactory. The race is indeed on to be the first to get at new lithium supply—and there is every reason to be bullish on the new juniors who will disrupt the entire market.
  
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