Saturday's Energy Absurdity: The Looming Lithium Supply Trainwreck Accelerates
Saturday's Absurdity of the Day: EVs cannot displace internal combustion engine autos without lithium. The EV industry has irrevocably tied itself to lithium-ion technology for its batteries - without plentiful and affordable supplies of lithium, the industry will fail.
I spent much of 2021 writing about the looming train wreck the world will be facing in the coming years where lithium supply is concerned, and critics and lobbyists for EVs and renewables - which are also currently tied to lithium-ion tech for the paltry battery backup that exists in the power gen sector today - scoffed.
But during the course of 2021, the price for lithium skyrocketed by 477%, making the 50% jump in gasoline prices seem like a comparative pittance, and governments in
the U.S. and other western democracies made no substantive moves to liberate their supply chains for this critical mineral from China, which dominates more than 90% of the global market. Nor have those western democracies done anything to speed the permitting of mining for their own resources, again content to allow China, Russia and Australia to dominate that sector globally.
Saturday's Absurdity of the Day: EVs cannot displace internal combustion engine autos without lithium. The EV industry has irrevocably tied itself to lithium-ion technology for its batteries - without plentiful and affordable supplies of lithium, the industry will fail.
davidblackmon.substack.com