A recent white paper has laid out some of the challenges in supplying minerals for any energy transition from fossil fuels, offering a timely warning for policymakers as the increased demand for electric vehicles (EVs) drives up the costs of materials used in such products. Notably, the benchmark prices of lithium, lithium carbonate, and lithium hydroxide have rapidly increased in recent months, as detailed at Benchmark Minerals.
Hovering at just $115.80 per ton in September 2020, the benchmark price of lithium has surged to $1045.90 a ton in March…America Desperately Needs To Scale Up Battery Metal Production
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