Bloomberg reported that Orocobre Ltd’s Chairman, James D. Calaway said that electric vehicles no longer dictate lithium production as demand for lithium ion batteries used for electronic products have increased considerably.
Reliable and dynamic energy storage systems are key to making renewable sources of energy viable and to opening up new markets for lithium-based battery systems.
The lack of adequate electric vehicle (EV) charging infrastructure may be the greatest barrier to the widespread adoption of EVs in the United States.
Over the next decade, significant growth in the global electric vehicle market will translate into equally significant growth in the lithium battery market.
Boeing’s Dreamliner battery woes are casting a dark shadow on both lithium batteries and the electric car industry. However, most electric car makers use lithium-manganese batteries, which are considered much safer in terms of thermal stability.
Some of the world’s most innovative and forward-thinking car manufacturers are rolling out their latest lines of lithium-ion battery-powered electric vehicles in 2013.
The high cost of lithium batteries has become the subject of a series of lawsuits targeting high-profile Japanese and Korean battery manufacturers.
Lithium is expected to play a vital role in the development of efficient and reliable energy storage applications in the coming decades. Rising demand will open up more opportunities for junior miners with attractive properties.
Since the possibility of replacing carbon-based fuel with lithium-ion batteries was envisioned five years ago, skeptics have argued that there may not be enough lithium to make the switch viable. However, recent research shows that there is no reason for concern.
RoundNews reported that a group of scientists from Korea's Ulsan Institute of Science and Technology have created a lithium-ion battery that charges up to 120 times faster than normal and now plan to make an improved lithium-ion battery pack for cars.
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