Tuesday 22 December 2009

Lithium: The Key Resource

As we fast move towards an economy dominated by electric vehicles powered by Li-ion battery technology, the cost and abundance of lithium will become a major political and commercial issue. Some recent reports have questioned the long term viability of lithium.

A report by the Technology Review summarizes the latest position. The Review expects demand for the metal to double in the next 10 years, and Bolivia, with an untapped resource estimated at nine million tons by the U.S. Geological Survey, is being called a potential "Saudi Arabia of lithium."

More information (with great pictures) may be found here:


Companies involved in energy storage will need to continually adopt to these new market conditions, and the exploration of novel technologies not based on lithium will need to be examined.

Jerry

2 comments: