Argentina, Bolivia and Chile are home to 70 to 75 percent of the world’s lithium deposits. These countries will start to have great geopolitical importance as countries like China and the United States move toward electric-powered vehicles, predicted the report.
The average laptop uses about 5 grams of lithium, but an electric vehicle could have more than 150 grams. This led the report writers to coin electric vehicles the “holy grail” of the lithium industry.
The lithium producer Chemetall predicted there could be six million vehicles with lithium batteries on the road by 2018.
“We think that the ‘road to riches’ in the 21st century may not necessarily be paved with gold, but with a silvery metal known as lithium,” the report’s authors note.
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