The Economist says that demand for lithium and high-density energy storage is set to soar amidst a global scramble to secure supplies. The world’s largest battery producers Samsung, LG, Panasonic, Sony, and ATL are hoovering up supplies, as are carmakers such as Toyota and Tesla, and other end users.
Gloomy news if you rely on lithium for your anti-depressant drugs.
In fact, The Economist calls lithium “the world’s hottest commodity”, explaining that the price of 99.5%-pure lithium carbonate imported to China more than doubled in the two months to the end of December, to $13,000 a tonne. Some even suggest the Chinese spot market may even hit $20,000 in the next few months.