Nobel Prize Winner Says Battery Recycling Key to Meeting Electric Car Demand
Recycling batteries is the key to securing enough raw materials to power the surge in electric vehicle demand, according to a winner of the Nobel Prize in Chemistry. “The point is whether EV batteries can be recycled,” said Akira Yoshino, a Japanese chemist who was awarded the prize with two others for their pioneering work... View Article
Boeing and Porsche team up to develop flying electric car
Porsche and Boeing have signed a Memorandum of Understanding to explore the premium urban air mobility market and the extension of urban traffic into airspace. With this partnership, both companies will leverage their unique market strengths and insights to study the future of premium personal urban air mobility vehicles.
Chemistry Nobel Hails Work on Batteries That Changed Society
The Nobel Prize in Chemistry was awarded to a trio of pioneers of the modern lithium-ion battery, which is revolutionising everything from mobile phones to the future of the global car industry. The prize went to M. Stanley Whittingham, a British-American professor at the State University of New York at Binghamton; Japan’s Akira Yoshino, of... View Article
The
Markets
Market demand for lithium products is largely driven by the increase in use of rechargeable batteries in portable electronic devices and electric transportation.
Lithium-ion batteries provide power for cell phones, smartphones, tablets, laptop computers, power tools, and many other mobile consumer devices. Larger format lithium-ion batteries provide power for electric cars, scooter, electric bikes, buses, forklifts and other forms of transportation.
New applications for lithium are emerging in the areas of grid energy storage, solar and nuclear energy generation, and other industrial uses. Extensive new lithium-ion battery manufacturing plant capital expenditures currently underway are viewed as a positive indicator of future lithium demand.