fire again, uhmmm. Wait til we find out Newsome , Pelosi and the Biden had just bought a boat load the futures
Jean,
I bumped this great thread up to the trading forum. Thanks!
https://tradingeconomics.com/commodity/lithium
One can make a solid guess that the massive price spike higher in 2022 on the chart above resulted in massive financial incentive for lithium production company's to increase exploration/production, which resulted in massive new reserves/supplies.
The spike higher didn't kill demand (the cure for high prices is high prices) but instead increased supplies. 2023 production likely spiked MUCH higher!
+++++++++++++++
https://www.statista.com/statistics/606684/world-production-of-lithium/
+++++++
By Daniil Filipenco 21 November 2023
Australia, Chile and China together account for over 90% of today’s global lithium production market.
+++++++++++++++
This is another source that has different numbers, maybe because its for RESERVES not production.
How Much Lithium Does The USA Have?
https://worldpopulationreview.com/country-rankings/lithium-reserves-by-country
The United States of America has plenty of natural resources. However, when it comes to lithium specifically, the US is not one of the top producers of lithium in the world. According to data from the United States Geological Survey, the United States has a total of 750,000 tons of lithium reserves.
This puts it far behind the top producers of lithium in the world. Despite this fact, the United States still has greater lithium reserves than a number of other countries. This includes the countries of Zimbabwe, Brazil, and Portugal, just to name a few.
| Bolivia | 21.00 |
|---|---|
| Argentina | 19.00 |
| Chile | 9.80 |
| United States | 9.10 |
| Australia | 7.30 |
| China | 5.10 |
| DR Congo | 3.00 |
| Canada | 2.90 |
| Germany | 2.70 |
| Mexico | 1.70 |
| Czech Republic | 1.30 |
This map from 2021 is ancient history based on the recent price spike providing massive incentive for NEW lithium production and discoveries.
https://lithiumfuture.org/map.html
This is a wonderful, enlightening article:
Tracing the origin of lithium in Li-ion batteries using
lithium isotopes
file:///C:/Users/Basement/Downloads/Tracing_the_origin_of_lithium_in_Li-ion_batteries_.pdf
Note that the value of the lithium at the sites at the bottom of the graph is the greatest.
Fig. 2 δ7Li value versus lithium content (ppm, mg/L) for various lithium
deposits. Spodumenes from West Kunlun (China) and the Yilgarn and
Pilbara cratons (Australia)32–34; and brines from the Qaidam Basin (China),
Salar del Hombre Muerto, Salar de Olaroz, Salar de Pozuelos (Argentina),
Salar de Atacama, Salar Grande, Salar de las Parinas, Salar de la Isla, Salar
de Pedernales (Chile), and Salar de Uyuni (Bolivia)35–41. Error bars
represent the 2σ associated with δ7 Li values. The isotopic compositions of
different Li deposits are shown by probability ellipses (confidence level
p = 0.68). Data are shown with blue box-plots for “Li triangle” salars
(n = 103), China salar (n = 20) and pink box-plots for hard-rocks (n = 20).
The vertical grey line labelled “UCC” represents upper continental crust
values (UCC): 0 ± 4‰ (2σ)31
+++++++++++++++
Again, this is several years old data below but its easy to see where the DARKER shades, representing the HIGHEST production were located.
Note below that the lithium brines have much more value(right/bottom) than lithium carbonates/rocks.
Best discussion/graphics out there explaining this!
https://www.visualcapitalist.com/a-cost-comparison-lithium-brine-vs-hard-rock-exploration/
https://www.nfpa.org/education-and-research/home-fire-safety/lithium-ion-batteries
New York City — For the first time in 16 years, Migdalia Torres will spend the holidays without her partner, Hiram Echevarria.
Earlier this month, the 40-year-old Echevarria, who shared children with Torres, became the 18th person in New York City this year to die in a fire linked to a lithium-ion battery.
"I think they kind of knew already that the explosion was caused by the e-bike," Torres told CBS News. If lithium-ion batteries are improperly made or used, the results can be explosive. Lithium-ion batteries were responsible for at least 220 fires in New York City in 2022, according to city numbers, and were also to blame for at least 10 deaths and 226 injuries in 2021 and 2022.
On Monday night, a lithium-ion battery in an e-bike was suspected of sparking a three-alarm blaze in the Bronx that left three people with minor injuries and damaged a deli and several apartments, the New York City Fire Department said.
A fire last month at a home in Brooklyn that killed three family members and injured 14 others was caused by a lithium-ion battery, FDNY investigators found.
"This is all evidence," New York City Fire Commissioner Laura Kavanagh said of the damage from the battery fires. "You know, each one of these caused either a massive fire or a death or both."
Kavanagh has been vocal about the dangers of lithium-ion batteries, especially in electric bikes and scooters.