Lithium battery demand soars while supply lags behind
Soaring lithium demand for batteries has led to fears supply may fall short, prompting a surge in investment in production of the mineral Soaring lithium demand for batteries has led to fears supply may fall short, prompting a surge in investment in production of the mineral.
9 August 2017
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A Tesla utility-scale battery block. (Tesla)
Lithium-ion (Li-i) batteries are the fastest-growing technology in the power storage sector, according to a recent report by Forum for the Future, which tapped insights from half a dozen key executives in the UK energy sector. But the rising cost of lithium and cobalt, which is a component of the cathodes used in Li-i batteries, could slow their progress.
Cheaper batteries are seen as a potential threat to gas demand because they could reduce the need for the fuel to deal with intermittency in...
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