30 Sep '16, 2pm

Lithium boom puts spotlight on Chile

Lithium boom puts spotlight on Chile

Dubbed "white petroleum", lithium is critical to the global switch to cleaner energy and transport, so exploiting new reserves of the mineral with low extraction costs is becoming imperative. The tiny rechargeable batteries found in every smartphone and laptop currently account for the largest source of demand for the metal. But over the next decade, China-led demand for electric vehicles is expected to drive overall lithium demand by 10% a year. While lithium-ion battery prices have more than halved in recent years, the downward trajectory will need to continue if electric cars are to become mainstream and renewables-supporting stationary energy-storage systems are commercialised further. China mines about 6% of global lithium demand, but holds about 13% of world lithium reserves. The price of lithium carbonate used in the production of lithium-ion batteries tripled in Ch...

Full article: http://www.windpowermonthly.com/article/1409915/lithium-b...

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