Known lithium deposits can cover electric car boom

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saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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Posts: 4147
Known lithium deposits can cover electric car boom

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"MEXICO CITY/LA PAZ (Reuters) - Hopes of an electric car boom are spurring companies to seek new lithium sources, but new finds may be lower quality and costlier to develop than established deposits able to meet demand for years to come.

Lithium is a key component in rechargeable batteries that power laptop computers, digital cameras and cell phones. Demand for the silver-white metal is expected to surge if carmakers start producing electric or hybrid vehicles on a large scale.

Excitement is brewing about new projects in Bolivia -- which could hold the world's largest lithium bounty -- and in Mexico, where a small company says it has a site with up to 800,000 tonnes of the highly reactive and versatile metal.

But all lithium deposits are not created equal and experts say the new finds may be poor quality or expensive to extract."

Dogs_In_A_Pile's picture
Dogs_In_A_Pile
Status: Martenson Brigade Member (Offline)
Joined: Jan 4 2009
Posts: 2606
Re: Known lithium deposits can cover electric car boom

Yup.

Damn those pesky little details about Time, Cost and Scale.

rowmat's picture
rowmat
Status: Gold Member (Offline)
Joined: Nov 15 2008
Posts: 358
Re: Known lithium deposits can cover electric car boom

Peak lithium here we come!

DrKrbyLuv's picture
DrKrbyLuv
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 1995
Re: Known lithium deposits can cover electric car boom

Battery breakthroughs are greatly needed and hopefully new found lithium reserves will help.  One problem that we may exacerbate is the inadequacy of most of our electrical grid.  It is an engineering marvel but it is already operating in multiples of original design capacity.  During the summer months, most of the electricity in the U.S. is dirty and under-volted. 

Larry

Amanda Witman's picture
Amanda Witman
Status: Peak Prosperity Team (Offline)
Joined: Mar 17 2008
Posts: 409
Re: Known lithium deposits can cover electric car boom
saxplayer00o1 wrote:

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"MEXICO CITY/LA PAZ (Reuters) - Hopes of an electric car boom are spurring companies to seek new lithium sources, but new finds may be lower quality and costlier to develop than established deposits able to meet demand for years to come.

Lithium is a key component in rechargeable batteries that power laptop computers, digital cameras and cell phones. Demand for the silver-white metal is expected to surge if carmakers start producing electric or hybrid vehicles on a large scale.

Excitement is brewing about new projects in Bolivia -- which could hold the world's largest lithium bounty -- and in Mexico, where a small company says it has a site with up to 800,000 tonnes of the highly reactive and versatile metal.

But all lithium deposits are not created equal and experts say the new finds may be poor quality or expensive to extract."

For the record, we received an e-mail from Keith Evans, who states in relation to the above-quoted article:  In a recent Reuter's report widely circulating, I am quoted as saying that lithium reserves in Chile and Argentina are sufficient for billions of years. The sentence should have read that the reserves in the two countries are adequate for batteries for billions of motor vehicles. Keith Evans

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