Category: Lithium Supply

All-Electric Passenger Plane ‘Electrified the Skies’ During Inaugural 8-Minute Flight: Company

September 30, 2022
Business & MarketsCompanieselectric aircraftenergylithium batteriesLithium SupplyTechTech News
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An all-electric airplane developed by Eviation Aircraft achieved a major milestone in electric aviation as it flew for 8 minutes at an altitude of 3,500 feet, the company announced. The flight took off on Tuesday at 7:10 a.m. from the Grant County International Airport in Washington. The zero-emission aircraft, named Alice, cuts down on noise…

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Electric Vehicles ‘Laughable’ Proposition for at Least a Decade: Expert

September 27, 2022
Business & Marketsdecarbonizationeconomic policieseconomyelectric vehicle (EV)energyGlobal Supply Chain CrisisLithium SupplyRenewable EnergyUSUS News
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Geopolitical strategist Peter Zeihan has dismissed the possibility of electric vehicles (EVs) going mainstream in the next 10 years owing to limitations on materials and unresolved supply chain issues. “The lithium comes from one place, and it’s all processed in China. So, just building the alternate processing infrastructure … and by the way, we have…

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China’s Dominance in Global Lithium Supply Poses Risks to US Companies: Report

June 10, 2022
battery supply chainBusiness & MarketsBusiness ColumnistsChinaChina Business & Economyelectric vehicleEVEV batteriesHong Konglithium minesLithium SupplyUSUS-China relations
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China’s control over the global lithium supply chain presents elevated risks to downstream U.S. companies as Chinese companies continue to expand their footprints in overseas lithium mines. “We love our suppliers, and we have a very strong relationship, but we are very dependant on the supplies coming from China. … We think there are risks…

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Elon Musk Wants Tesla to Mine Lithium Due to 359 Percent Year-on-Year Price Hike

April 26, 2022
Business & EconomycommoditiesCompanieseconomyElon Musklithium plantLithium SupplyMarketsTesla factoryUSUS News
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Billionaire entrepreneur Elon Musk has proposed that Tesla might have to begin mining lithium, a critical element in electric vehicle batteries, given the skyrocketing prices of the chemical element. In 2012, a ton of lithium cost $4,450. A decade later, in 2022, the price surged to $78,032 per ton, an increase of more than 1,650…

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Lithium Prices Skyrocket, Electric Vehicles May Soon Follow

April 7, 2022
Business & Economycommoditieseconomyelectric battery costsInternationalLithium Supplylithium-ion batteriesMarketsWorld
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Demand for lithium has spiked as electric vehicle adoption around the world grows, leading to a global shortage of the metal with spot prices for battery-grade lithium carbonate increasing more than 47 percent from the start of the year. Battery-grade lithium carbonate in China costs around 400,000-430,000 yuan ($62,865-$67,580) per ton based on data from…

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Tesla Secures 5-Year Lithium Supply Deal Starting Next Year With Australia’s Liontown

February 17, 2022
Business & EconomyCompaniesFord Motor CoGeneral Motors CoLithium SupplyTalon Metalstesla
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Tesla Inc. has secured a five-year agreement with Australia’s Liontown Resources to supply lithium spodumene concentrate to the Elon Musk-led electric vehicle maker. What Happened Tesla will buy 100,000 dry metric tonnes (DMT) of the lithium concentrate in the first year and up to 150,000 DMTs annually thereafter, Liontown Resources said. Spodumene is considered a…

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