30 Sep '12, 11am

Lithium from salt water could make batteries, and EVs, less expensive

Until another element is preferred or discovered, lithium will be the foundation for electric and hybrid vehicle batteries for the foreseeable future. It is an expensive part of the battery packs being installed and is keeping sticker prices fairly high. The price of lithium, the lightest metal, has jumped 35 percent in the past 18 months , according to Jonathan Lee, an analyst at Byron Capital Markets in Toronto. Making lithium-ion batteries less expensive is driving a lot of battery technology companies to look for alternatives, and forecasts that say lithium demand will be doubling in the next eight years based on sales of batteries in electric vehicles, make it more feasible. Simbol Materials , based in Pleasanton, CA, thinks brine offers a solution. The company's proposed Imperial Valley plant near the Mexican border would slash the time and cost needed to extract lit...

Full article: http://green.autoblog.com/2012/09/30/lithium-from-salt-wa...

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