Gross sales of electrical autos, together with hybrids, grew by practically 1 / 4 final yr. And demand is predicted to develop much more as state governments incentivize electrical autos.
The issue, consultants say, is that demand will outpace international provides of lithium, a key component within the batteries that energy EVs. A recent report by Wooden Mackenzie predicts that the availability crunch will come throughout the subsequent decade.
However Nevada is dwelling to North America’s solely mine that’s presently producing lithium. In the meantime, an formidable new challenge set to open in Humboldt County may produce as a lot as 1 / 4 of the world’s provide, the mine house owners say.
Does that imply Nevada’s position on this planet’s electrical car trade is about to develop? Will a lithium scarcity damage Nevada’s sustainability goals?
Gavin Montgomery is Analysis Director of Battery Uncooked Supplies for Wooden Mackenzie.
Karen Narwold is Govt Vice President and Chief Administrative Officer at Albemarle, which operates the lithium mine at Silver Peak. She’s joined by the agency’s Vice President of Company Technique and Investor Relations, David Ryan.
Alexi Zawadzki is CEO of Lithium Nevada, the agency opening the brand new mine in Northern Nevada.