21 Feb '16, 1pm

Fueled By Battery Boom: A Lithium Rush For Australia's Outback?

Stephen Edelstein 229 views Feb 21, 2016 Lithium-ion cell and battery pack assembly for Nissan Leaf electric car in Sunderland, U.K., plant Enlarge Photo If electric-car sales continue to rise, then demand for battery cells will rise along with them. That, in turn, will lead to increase demand for the raw materials that make up those cells. Lithium-ion is currently the dominant chemistry for battery cells in electrified cars, and that's creating a lithium-mining boom. DON'T MISS: LG Chem's Large Battery Plant In China Took Less Than 2 Years Anticipated growth in electric-car sales is fueling increased lithium mining in the Australian Outback , according to Bloomberg. It's reportedly become a "bright spot" for miners in the region, as prices for other raw materials have fallen. Prices of lithium carbonate--an industrial chemical used in lithium-ion battery cells--have risen...

Full article: http://www.greencarreports.com/news/1102463_fueled-by-bat...

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