RE: Local lithium company comparison24 Apr 2022 17:42
''The cost of Lithium has risen six fold from $12,000 per tonne in 2017 to circa $78,000 today. The prices of the other key battery elements have also jumped.Nickel prices have tripled, cobalt prices have risen around 66% ,while copper has almost doubled over the period.
Lithium-ion batteries are at the heart of electrification of cars,energy production and heating that scientists say is needed to cut carbon emissions and see off catastrophic climate change. Yet supplies of the raw materials-especially lithium-and the manufacturing capability to turn them into batteries are in the hands of political adverseries and already under strain from soaring demand. By 2030,It is projected that the world will have to produce one million tonnes of Lithium annually to meet demand- a 36 fold hike.''
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