Lithium battery world supply shortages and costs skyrocketing!

[SPA]

Forget Bitcoin! Maybe check out investing in lithium, Cobalt and nickel. With electric vehicle mandates in the near future, the UK has proposed a ban on selling new internal combustion motor cars in 2030! And with more electric vehicles coming online in the next 10 to 20 years I can't see those prices coming down there's only one way to go that's up!

Hopefully new battery technologies will lessen the need for lithium nickel and Cobalt, but will the new battery technology be any cheaper to source and produce is the real question? And ..Will all our kids be able to afford a electric car much less a house? One thing is certain the small percentage of the rich will get richer and the poor and middle class will get poorer and costs for commodities and property will go up.

Just as an example, a gallon of milk here in Kauai just hit $9 a gallon the other day at the store up from about $6 a gallon Not trying to be a Doomsday Sayer ... Just saying that you may need to find a new way to skin this world of ours ! The United States has a long way to go to develop proper electrical grid and electric car recharging stations infrastructure and that may be another field to look at for the future is investment is energy infrastructure and technologies!

Meanwhile those of us that grew up with gasoline and oil and love our cars and motorcycles will probably just continue to go down that road. Braaaap !!! ️

[bk94si]

https://www.detroitnews.com/story/business/autos/2019/12/17/electric-vehicles-cobalt-mining-child-labor/4390751002/

I don't like that children and slaves are being used in lithium and cobalt mining in China and the Congo. I'm not investing in that.

[SPA]

https://www.detroitnews.com/story/bu...or/4390751002/

I don't like that children and slaves are being used in lithium and cobalt mining in China and the Congo. I'm not investing in that.

I wasn't aware of that! I lead a sheltered life here in Kauai, but thanks for the heads up! I agree that's not something I would support!

[SPA]

Maybe hydrogen fuel cells will be up viable option but that takes a whole other infrastructure and I believe? electricity is required in the production of hydrogen.

[SPA]

If you watch the video there is a continental United States site that is rich in lithium but it requires water to excavate and process, and of course these sites are located in arid desert areas and would have to buy up existing water rights from farmers and livestock producers. Water is certainly another commodity that will continue to be sought after with the prices reflecting supply and demand. Unfortunately with child and slave labor in the mix in China and other countries it probably makes producing lithium in the United States not cost-effective at this point and so the world turns!

[69Falcon]

NY and CA are already looking to ban the sale of internal combustion engine cars in the near future. NY governor announced it recently. They don’t have the infrastructure to support the electrical generation or the grid capacity to move it even if they did.

[SPA]

NY and CA are already looking to ban the sale of internal combustion engine cars in the near future. NY governor announced it recently. They don’t have the infrastructure to support the electrical generation or the grid capacity to move it even if they did.

Agreed 👍

[SPA]

Lol ... You can have my internal combustion engine when you pry it out of my cold dead hands!

[ricksax]

Lol ... You can have my internal combustion engine when you pry it out of my cold dead hands!

It looks to me that the plan is too get rid of the ICE by increasing the cost of fuel, and regulating vehicles so much that they will barely run.

These decisions are being made by ideologues who don't understand how the entire world economy has been built on petroleum products. When they figure it out, there will be a lot more "surprises".

[squirrelman]

i believe that electrick vehicles will require quantities of copper that far exceed the available supply.

[ParcNHawk]

There is no plan to properly recycle lithium batteries. That is a big problem.

...And the petroleum industry has long been corrupted and responsible for mass pollution and environmental disasters and human rights atrocities every place it is found.

And yes, the electrical infrastructure isn't ready just yet... but building the grid will at least be a lot of skilled labor jobs right here at home.

People are busy worshipping the car company (that has had an almost total recall of the year's production, btw) that has no long term plan for the battery garbage they are producing.

We overlook that their workforce enjoys very little protection of their rights and no collective bargaining.

The electrical grid improvements that will be made will be made by educated, skilled men and women who: pay taxes in, spend their money in, raise families in, build communities in, invest in, the places where they live.

That is not a problem. This is quite the opposite of a problem.

And it's the only good thing to come out of the electric vehicle 'revolution' so far.

[SPA]

There is no plan to properly recycle lithium batteries. That is a big problem.

...And the petroleum industry has long been corrupted and responsible for mass pollution and environmental disasters and human rights atrocities every place it is found.

And yes, the electrical infrastructure isn't ready just yet... but building the grid will at least be a lot of skilled labor jobs right here at home.

People are busy worshipping the car company (that has had an almost total recall of the year's production, btw) that has no long term plan for the battery garbage they are producing.

We overlook that their workforce enjoys very little protection of their rights and no collective bargaining.

The electrical grid improvements that will be made will be made by educated, skilled men and women who: pay taxes in, spend their money in, raise families in, build communities in, invest in, the places where they live.

That is not a problem. This is quite the opposite of a problem.

And it's the only good thing to come out of the electric vehicle 'revolution' so far.

I wasn't sure ... But I thought you were either inferring to Tesla since it's an electric car company not that I have any knowledge of their recalls or Volkswagen because of their bypass software fiasco ...?

UK based statistics including motorcycles here https://www.nerdwallet.com/uk/person...-cars-of-2019/

Some USA STATISTICS OVER THE LAST 5 YEARS

https://www.motorbiscuit.com/this-is-the-no-1-most-recalled-car-in-america/

a grain of salt with both, just a quick Google

[69Falcon]

Completely agree with you Parc; I was just pointing out that while they have plans to mandate electric cars, the NY governor and legislature have ZERO plans for the necessary power generation and upgrade to the grid. In fact, they have hurt production by shutting down the nuclear plants, specifically one that fed NYC.

[Fastmongrel]

Last year an electric car caught fire on a 5 lane Motorway junction not far from me. The Fire Brigade turned up but because lithium batteries that are on fire can't be extinguished all they could do was wet the area around the car and stand back to watch. The fire dissolved the top layer of bitumen ate it's way through 30cm of road and was halfway through the foundation before the four wheeled incendiary device went out. The Motorway junction one of the busiest in Europe couldn't open again for 48 hours.

I am going to hang onto my infernal combustion engines for as long as possible. Any way my 11 year old car and 54 and 32 year old motorbikes have long since paid for the pollution costs.

[jspeed53]

Hmmm! Aside from endorsing some of the above comments ... I thought it quite slick of the producer to migrate from Lithium battery production ... to handguns .... and it’s a commercial for a food packaging and delivery service!