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3.57% 1.5¢ australian vanadium limited

The larger lithium problem is not life time of battery, its the...

  1. hagetaka
    6,148 Posts.
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    12/05/18
    04:04
    Post #: 33050329
    The larger lithium problem is not life time of battery, its the global economic resource availability.

    1) Each tesla vehicle uses ~63kg of lithium.
    2) The USGS 2018 report gives global reserves of 53mt
    3) number of cars on planet = 2b

    There you have some #very# basic metrics. Do the back of paper envelope calculations. Realise that there won't be an EV for everyone in the utopian green-communist society. Homes wont be battery powered with lithium.

    Vanadium has similar shortages.

    My guess is that the world's most intelligent societies will power their cities with solar/wind and vanadium. The most intelligent cities are located in East Asia. The most stupid will continue with coal (or wood) and those in the middle will, for a short time, use lithium before returning to coal.
    AVL Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
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