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chin-ki-chaddi t1_j67p3yj wrote

Reply to comment by czk_21 in Kenya’s Producing Its First Electric Buses — 1,000 Buses Over 3 Years by Peugeot905

Nope, more and more Lithium mines are set to begin production in the next few years. That 4x price had a huge impact on the investment environment of Lithium mining. There will be a glut, especially with China's economy taking a major hit.

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czk_21 t1_j67xmgp wrote

yes there will be more mines that doesnt mean lithium will be cheap with ever rising demand, most of avalable deposits are in dry regions and you need lot of water to process lithium, there might big major shortage of available lithium by 2025

https://www.weforum.org/agenda/2022/07/electric-vehicles-world-enough-lithium-resources/

china too has plans for EVs- as of 2035, 50% of new cars sold in the country will be either electric, plug-in hybrid, or fuel cell vehicles, and 50% of new cars will be conventional hybrids, which still run entirely on gasoline.

I doubt that batteries will be particularly cheap in coming years, china economy is slowing down but it will still have hefty 4% growth

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Surur t1_j6832xk wrote

> you need lot of water to process lithium,

This bit is just a big lie. That water is due to evaporative extraction of lithium from brine, and it is just salty water which is useless in any case.

Dont fall for the propaganda. Evaporative extraction is the most environmentally friendly since it uses the sun to do most of the hard work.

> china too has plans for EVs- as of 2035, 50% of new cars sold in the country will be either electric, plug-in hybrid, or fuel cell vehicles,

It's already 30%, so in theory demand will only double. Actually it will hit 90% soon, but that again is only 3x as much.

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