Lithium Could Decide Future of Electric Vehicles
While you may have forgotten about lithium the moment you left your high-school chemistry class, this metal is making more headlines today due because of the crucial role it plays in the push to switch from the internal combustion engine vehicles we have grown up seeing to electric vehicles that don’t give off any emissions at the tailpipe. To show how valuable this metal has become, its price has skyrocketed by 432% year-on-year, reaching a milestone in April this year. For comparison purposes, lithium carbonate cost about $11,000 a metric some six years ago, but it now costs $62,000. That…
