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This move solves this year’s problems but doesn’t address the lithium shortage that is already showing up in the price of lithium going up 5x. Analysts predict
by gregwebs 4y ago
This move solves this year’s problems but doesn’t address the lithium shortage that is already showing up in the price of lithium going up 5x. Analysts predict that by around 2025 lithium will limit the battery market that is trying to grow 40x to meet electrification demands. Note that opening a new lithium mine takes 7 years. Maybe Ford will be able to start selling sodium based batteries then.
https://youtu.be/5v-DTS-ibow https://youtu.be/5v-DTS-ibow
- bryanlarsen 4y agoAccording to Musk, the bottleneck is refining the Lithium, not mining it. I imagine it's faster to open a refinery than a mine, but it'll still be a years long process. Expanding existing refineries is probably faster.