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Tesla And Other Tech Giants Scramble For Lithium As Prices Double

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Driven by the rise of battery gigafactories and game-changing Powerwall and energy storage businesses, the world now finds itself at the beginning of a lithium super cycle that is all about securing new supply, much of which is poised to come from lithium superstar Argentina. This means that the new market is all about new players.

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China’s battery supply chain tops BNEF ranking for third consecutive time; Canada close 2nd, US drops to 3rd

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The increasing prices of lithium has also led to higher investments in carbonate and hydroxide refinery facilities in the country, making it the leading refiner of battery metals globally. —Yayoi Sekine, head of energy storage at BNEF. Bolivia was at the bottom of the rankings this year.

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