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While true, Iron is much more accessible than Lithium. Which potentially would make it cheaper per pound (eventually). Today that’s not the case, but with time,
by lettergram 7y ago
While true, Iron is much more accessible than Lithium. Which potentially would make it cheaper per pound (eventually). Today that’s not the case, but with time, who knows. Still interesting.
- robocat 7y agoI think the Lithium content makes up about 5% of the cost of a battery from this comment: "By 2025, the market for mined lithium raw material may be worth $20 billion, compared with $43 billion for refined products and $424 billion for battery cells" in https://www.bloomberg.com/news/articles/2019-07-28/the-lithium-mine-buildup-is-outpacing-the-electric-car-boom https://www.bloomberg.com/news/articles/2019-07-28/the-lithi...