Friday, March 17, 2023

A Li-ion in every country?

 Reports of the finding of enormous quantities of Lithium are grossly exaggerated.

There have been a rash of reports recently of huge Lithium reserves being found on almost all continents. While this is undoubtedly good news for many (and music to the ears of the EV industry), there are some realities that one needs to be aware of. 

1. Mineral reserves estimation is fraught with fraud. So one needs to take all figures with sack of (rock) salt 😀

2. Minerals are far more evenly distributed across the global than we - even the best and most expert among us - realize. Actually almost all countries will have copious reserves of almost all minerals, only we’re too dumb to have found them. 😀

4. Most important, Li will probably be superceded as a key battery tech in the next few years. 

So, hold the champagne on this