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FlashFish

1,531 Posts.

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28/02/18

01:44

Post #: 31398706
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Originally posted by punter45 ↑

Tesla's battery struggles show that the massive transition to electric vehicles won't be without significant hurdles. Much of the demand for lithium is taken up by the consumer electronics industry.

As automakers ramp up plans for EVs, lithium demand is expected to hit new highs, and competition for lithium will soar.

By 2030, demand is expected to hit 250,000 metric tons a year, up from less than 50,000 metric tons in 2017, "so the industry will need to keep ramping up production," Frith said.Sanford C. Bernstein & Co. estimates companies will have to spend between $350 billion and $750 billion to find and develop new lithium mines to support this rising demand.

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And ms says 45% drop, more like 45% increase in horizon.

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disallowed/business/companies/world-coal-boss-urges-bhp-not-to-dump-lobby-group-20180227-p4z1yx.html
World Coal boss urges BHP not to dump lobby group

GXY Price at posting: $3.29 Sentiment: Buy Disclosure: Held
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