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overtheedge
Member since May 2012
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Electric Car War Sends Lithium Prices Sky High - Oilprice.com - oilprice.com

Sure, lithium demand will rise and then it will stall out.
Why?
Lithium batteries aren't worth doodley-squat if the power generation capacity doesn't exist.
Think about it for just a moment.
Less fuel is being used for transportation, but that level of energy provided by the fuel must be generated and transported via the electrical grid.
This means new electrical generation plants MUST be built.
The question then becomes: coal, natural gas or nuclear?
Alternative energy sources? Perhaps at the private level. Produce your own if you have a few $100K. Large scale? Not gonna happen.
Hydro? Not gonna happen because of fish.
Even coal is doubtful.
Bunker oil, though cheap, is highly doubtful at best.
Nuclear takes decades to go through the regulatory and construction phases.
And it will take a lot more supply of natural gas to fuel the required generating capacity.

So where is the electricity gonna come from?
Without electricity to charge a lithium battery, you only have an anchor that burns when it gets wet.

Commented 2981 days ago

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Beginning of the headline :With lithium prices skyrocketing beyond wildest expectations, talk heating up about acquisitions and mergers in this space and a fast-brewing war among electric car rivals, it's no wonder everyone's bullish on this golden commodity that promises to become the "new gasoline". Moreover, land grabs, rising price predictions, and expectations of a major demand spike are leaping out of the shadows of a pending energy revolution and a new technology-driven resource era. For once, we have a... Read More

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