Lithium producers hit by first big downturn of electric vehicle era

) and others have been producing more lithium than automakers need. Global supply exceeds demand by about 5 percent, according to Canaccord data.

A global average of prices is down more than 50 percent since the start of 2018, according to Benchmark Mineral Intelligence, a metals pricing provider that is hosting an EV supply chain conference this week in Los Angeles. Battery-grade lithium is used primarily in EV batteries, and many automakers have high purity standards. Much of the lithium industry’s capacity to produce high-quality, battery-grade lithium is locked up until 2024, Moores said.

“The future supply of battery-quality chemicals is very much in doubt,” said Joe Lowry, an independent industry analyst, who wondered how the industry can hope to produce at least 800,000 metric tons by 2025, more than double current capacity.

Lmfao. There will never be enough lithium to produce for all the electric crap global warming loons want. It's laughable.

Get into bipolar

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The US could be running on gasoline forever, leaving electric vehicles to China and EuropeDiesel-powered cars flopped in the US. At the current rate of growth, electric vehicles could flop here, too. You say you want a better future for your children, then say your prefer a future with indefinite gas-burning transport. Make up your mind. EV adoption is going to be an S-curve. EV and battery prices will continue to fall and people will simply buy the vastly superior products. The US won't forever have an administration that doesn't give an F about people's or the planet's health. Manufacturers that don't embrace EVs will be in a world of hurt as their products will no longer compete & even if they drag their feet, regulations could give them a nudge.
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