3 ms·
That isn't really a great analysis. It is only counting at the known deposits. When demand increases, price will rise and it will kick off more discovery. (I
by keenerd 9y ago
That isn't really a great analysis. It is only counting at the known deposits. When demand increases, price will rise and it will kick off more discovery. (It will also make us use the lithium more efficiently, but that is tangential.)
Take a look at this: https://en.wikipedia.org/wiki/Abundance_of_elements_in_Earth%27s_crust https://en.wikipedia.org/wiki/Abundance_of_elements_in_Earth...
Lithium is #33, estimated at 20 ppm of the crust. We presently mine 64000 tons per year. It is more common that lead, which is #37 and only 14 ppm. Yet we mine 4.8 million tons of lead per year. Now examine boron. #41, 10 ppm and 9.4 million tons per year. Are these unsustainable? Are we on the verge of peak boron and peak lead? Probably not. We have twice as much lithium so we probably aren't going to run out of lithium even if demand increases by a hundred-fold.
I am not a geologist, so maybe much of this lithium is more inaccessible than I'm assuming. But thinking that the known deposits are the entire world supply is silly.