Lithium has These Big Problems as an Energy Solution

Wall St. Cheat Sheet reports that although lithium is a cleaner fuel than oil it has some of the same problems.

The market news is quoted as saying,

According to researchers at the Argonne National Laboratory, worldwide demand will not exceed 8 million tons, well within the recoverable 12 million tons of reserves estimated by the U.S. Geological Survey. The issue has more to do with our rising demand for electric vehicles. In 2009, worldwide Lithium production reached 120,000 tons. If electric cars achieve a 5% penetration rate by 2020, 60,000 tons of Lithium will be needed to fill the demand.

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