Lithium price surge fuels mining innovation

Demand from electric vehicle manufacturers and potential to provide batteries for renewables-powered grids ensures demand remains high

Lithium prices reaching an 18-month high has spurred investment in new methods of mining that are going to shake up geopolitics and revitalise Europe, according to David Archer, CEO of Savannah Resources. “The immediate effect of the rise of lithium prices is that it improves equity capital market’s sentiment to lithium production,” Archer tells Transition Economist. “There is a flood of capital being offered to producers, which is good, because there is a lot of catching up to do and we are looking at a spike in demand.” Archer predicts that lithium production and the electric vehicle (EV) manufacturing and supply will supercharge Europe’s economy. “It has huge benefits economically and pol

Welcome to the PE Media Network

In 2021 Petroleum Economist is joined by Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

Want to read more?

Please choose from one of the following options:

Already registered?
Click here to log in Subscribe now
to get full access to PE + HE + TE editorial and data Register now
to receive our newsletters and unlock up to three articles per month for free Any questions?
Contact us

Comments

{{ comment.comment.Name }} Editor • {{ comment.timeAgo }}

Also in this section

Design of carbon markets is critical to success—CeraWeek

5 March 2021

While a global carbon price would be ideal, political reality means a regional and sectoral approach will be needed to make short- to medium-term progress

India makes progress on gas transition

5 March 2021

Falling gas prices could help India to reduce its reliance on coal, while it gradually roll outs 450GW of renewables by 2030

Policy measures key to US net-zero goal—CeraWeek

5 March 2021

The new administration has set lofty low-carbon ambitions but must take radical action to overhaul the nation’s energy mix