The cost of lithium — a metal used to make electric car batteries — is up nearly 500% since last year: ‘Supply is simply nowhere near enough to feed this demand surge’
24 Comments on The cost of lithium is up nearly 500% since last year
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I do miss the days when lithium was known as the medication in prisons and psych wards.
Just like corn, we’re using it in cars instead of where it could help mankind.
Uh uh! Who would have ever thought that would happen (as I roll my eyes).
politicians think you pass a law or decree, and all is well. We do not have the grid capacity in this country to support the power necessary to convert to all electric cars and trucks.
Yes, go buy an electric car. You won’t be able to buzz up since recharging stations are no where to be found.
Factors That Impact Charging Time
Charging times may vary due to several factors. What is your power source? How much power can your electric car handle? How can drivers charge their vehicles and get back on the road more quickly? Depending on an electric vehicle power source and battery capacity, drivers can charge their cars in as little as 30 minutes.
Unfortunately, that isn’t the standard. Most drivers will need about a couple of days (roughly 40 hours) to charge a fully depleted electric car battery if they use the standard three-prong plugs found in mobile devices, laptops, and the walls of most homes.
https://www.kbb.com/car-advice/how-long-does-take-charge-electric-car/
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I read some where where a Tesla owner blew their electric car up because a new battery costs $22,000! WTF!
Meanwhile, the environmentalist wackos are blocking plans to mine lithium in a remote part of Nevada.
When your battery replacement cost more than what you paid for the green car. Yeah, let’s all drive battery cars.
Don’t forget the cost of getting rid of both the car and battery’s.
Two of the largest lithium mining companies are from China. Jiangxi Ganfeng Lithium Co. Ltd & Tianqi Lithium.
Jiangxi Ganfeng Lithium Co. Ltd has invested in the equity of Bacanora Lithium PLC, Hunter Biden 10% equity stake in Bohai Harvest RST.
Plus 10% for “The Big Guy”.
Lucky Kamala’s Hitachi is 110v & plugs into the wall.
Neighbor across the street had solar panels installed several months ago. Solar company comes out on average 1-3x month to “repair”.
Last week he had a Tesla delivered. Monday morning a flatbed arrived and hauled it off. This morning same Tesla back in driveway.
Electric outfit now installing a charging station in his garage.
Be interesting to see how far he gets if he has to evacuate for a hurricane.
Cheap entertainment I know…not so much for him.
Too bad there isn’t something else we could pull out of the ground to power our vehicles.
“China dominates critical mineral processing, leading the world in copper, lithium, nickel, cobalt, and rare earth processing. Currently, the best batteries and electric motors for electric vehicles use all of these minerals.”
https: //energycommerce.house.gov/sites/democrats.energycommerce.house.gov/files/documents/Witness%20Testimony_Pyle_ENG_2022.3.8.pdf
Gosh, I wonder why lithium could have become so expensive? Perhaps because China knows they hold the majority of the rare metals cards?
I hear Ukraine, Iran, Kazakhstan, and another shit hole has some too.
Biden is a completely compromised president. The question is not who has him by the balls, but how MANY enemies of our nation have him by the balls. That said, everything this bastard touches is to do evil to our nation. EVERYTHING.
This really is Obama’s third term. And we know what a traitor he is.
And now, thanks to the Afghanistan CF, China will own the market. Once the Taliban let’s the CCP into the country they will only wish they had the US there instead. The CCP will kill ’em all and take the loot.
Feinstein blocked off a decent lithium deposit by creating some national monuments in inland SoCal, boosting her (now deceased) husband’s Australian mining holdings…
Interesting lithium science factoids… We don’t fully understand how lithium got made. It’s an odd duck of an atom, with two isotopes. It might be primordial from the big bang. There are apparently a couple side chain fusion reactions that could theoretically create it, but the dwarf stars that would stop consuming it as fuel haven’t lived long enough to have shed/distributed it to the universe yet. In any case… It’s rare, highly reactive, and it doesn’t lend itself to getting concentrated by the usual bio/geologic processes. It’s usually mined from oddball evaporite deposits.
Lithium is the stupidest material you could use for a motive power battery. The power falls off too abruptly and is very difficult to monitor effectively.
Doesn’t like water much either. So hope your battery never develops a crack in the casing from, say, a bad road, a bad weld, and the half-ton of rare metal you’re slamming around over those potholes…
@ JustAl
I don’t think they’ll be killing most of them.
They will be giving them jobs for a bowl of rice a day.
They aren’t beating those child slaves hard enough.
Fortunately, I just topped up with di-lithium in the crystal form. Still quite reasonable at only 11.353 pooquats per cubic hurn.
@Toenex March 23, 2022 at 10:25 am
> Don’t forget the cost of getting rid of both the car and battery’s.
What “cost”? The battery’s not going to die, before The Big Guys make me live in it.
That $22,000 Tesla replacement battery…..
might cost you more now…..a lot more.
https://clifhigh.substack.com/p/vox-populi-legislator-be-advised-96a?s=r
Reminds me of Eddie Murphy’s ‘talking car in the hood’ bit:
“Say man, somebody stole ya battry”
“I said someone stole ya battry!”
“What tha fuck! You blind and deaf nigga?”
With battery that weighs in at over half a ton, it’s hard to call it a “sports” car. That’s like buying a 1/2 ton pickup truck, grossing it out and then go slinging it around at Laguna Seca!
Back in the 80s they used to call those boxy Volvos “The Fastest Tractor On Earth”
Today we can call Teslas “The Fastest Tow Motor On Earth”!
Goldenfoxx, that’s a true story, a guy in Finland took his Tesla to a sand pit and strapped 30 kilos (approximately 66 pounds) of dynamite to it and blew it to smithereens because a new battery would’ve cost him almost as much as what the car was worth. I believe this happened just recently because I saw the video within the last month or so. He may have recorded it on You Tube. It was quite the explosion.