11–20 of 238 posts
This is no big deal. Prices will tank and an equilibrium will be reached. This kind of stuff happens all the time when supply lags demand and then catches up and you have a little bit too much supply.
Look at what they've done with their control of rare earth metals.
Artificial scarcity and resource hoarding is something that needs to be considered.
The great thing about mines is that you can just leave the lithium in the ground if the current prices aren't right.
The electric car industry hasn't remotely boomed. Electric cars are still deeply strangled by two key factors: industry inertia and the cost/supply of lithium batteries. Once those two factors are solved (and a build-up of lithium mines is key to that) electric cars will go from being a niche within a niche to utterly dominating the market very, very quickly. Within the next decade we might see companies like Hyundai…
Plug-in electric sales in 2018 were up 61% over 2017, which was 51% higher than 2016 (via quick wikipedia check).
What numbers would you want to see before calling that a "boom"? How much higher than 60% growth does something have to have before it's not "strangled"?
I think that's silly. Clearly these things are going somewhere. Production at all levels is adapting to compete, and that means some areas (like Li production in the linked articles) are going to outstrip the field which remains limited by other things. But even right now they're clearly out of the "niche within a niche" category and growing very well.
The electric car industry hasn't remotely boomed. Electric cars are still deeply strangled by two key factors: industry inertia and the cost/supply of lithium batteries. Once those two factors are solved (and a build-up of lithium mines is key to that) electric cars will go from being a niche within a niche to utterly dominating the market very, very quickly. Within the next decade we might see companies like Hyundai…
It still have a 35x potential growth, so it can "boom" again, but the EV industry now is huge
The electric car industry hasn't remotely boomed. Electric cars are still deeply strangled by two key factors: industry inertia and the cost/supply of lithium batteries. Once those two factors are solved (and a build-up of lithium mines is key to that) electric cars will go from being a niche within a niche to utterly dominating the market very, very quickly. Within the next decade we might see companies like Hyundai…
Seems to be a different story in the US versus Europe.
In Europe they have a lot more competitors either with cars now or coming soon e.g. VW ID3, VW Polestar 2, BMW i3, Honda e, Peuegot e-208, Renault Zoe, Nissan Leaf, Hyundai Kona EV, Mercedes EQC400/EQS, Audi eTron, Jaguar I-PACE etc.
Tesla has largely had the market to itself but now you are seeing much higher quality cars with only slightly less range.
The electric car industry hasn't remotely boomed. Electric cars are still deeply strangled by two key factors: industry inertia and the cost/supply of lithium batteries. Once those two factors are solved (and a build-up of lithium mines is key to that) electric cars will go from being a niche within a niche to utterly dominating the market very, very quickly. Within the next decade we might see companies like Hyundai…
> with no serious competitors Seems to be a different story in the US versus Europe. In Europe they have a lot more competitors either with cars now or coming soon e.g. VW ID3, VW Polestar 2, BMW i3, Honda e, Peuegot e-208, Renault Zoe, Nissan Leaf, Hyundai Kona EV, Mercedes EQC400/EQS, Audi eTron, Jaguar I-PACE etc. Tesla has largely had the market to itself but now you are seeing much higher quality cars with only…
The electric car industry hasn't remotely boomed. Electric cars are still deeply strangled by two key factors: industry inertia and the cost/supply of lithium batteries. Once those two factors are solved (and a build-up of lithium mines is key to that) electric cars will go from being a niche within a niche to utterly dominating the market very, very quickly. Within the next decade we might see companies like Hyundai…
The electric car industry hasn't remotely boomed. Electric cars are still deeply strangled by two key factors: industry inertia and the cost/supply of lithium batteries. Once those two factors are solved (and a build-up of lithium mines is key to that) electric cars will go from being a niche within a niche to utterly dominating the market very, very quickly. Within the next decade we might see companies like Hyundai…
The electric car industry hasn't remotely boomed. Electric cars are still deeply strangled by two key factors: industry inertia and the cost/supply of lithium batteries. Once those two factors are solved (and a build-up of lithium mines is key to that) electric cars will go from being a niche within a niche to utterly dominating the market very, very quickly. Within the next decade we might see companies like Hyundai…
> The electric car industry hasn't remotely boomed. Plug-in electric sales in 2018 were up 61% over 2017, which was 51% higher than 2016 (via quick wikipedia check). What numbers would you want to see before calling that a "boom"? How much higher than 60% growth does something have to have before it's not "strangled"? I think that's silly. Clearly these things are going somewhere. Production at all levels is adapting…
The pure EV market will eventually dominate vehicle sales in most segments, and most of the rest will be PHEV. Have EVs even hit 1% of worldwide vehicle sales yet? Call me back when it passes 10% and we'll talk about an EV boom.
Do people really build mines with a 5-year horizon? Of course it's going to outpace demand... initially. The great thing about mines is that you can just leave the lithium in the ground if the current prices aren't right.