Analyst David Leitch, the co-host of the popular Energy Insiders podcast on The Driven’s sister site RenewEconomy, told me this week that the people making the most money out of the green energy revolution right now were lithium miners.
Prices have shot up, and the people paying for it are the buyers of electric vehicles, where the lithium content in the batteries accounts for a surprisingly big sum.
A snippet of information from analysts at Morgan Stanley highlights the cost of lithium in EV battery packs in the current market bottleneck that has sent lithium prices soaring to around $US71,000 a tonne.
Based on this price, and calculations that around 0.726 kilograms of lithium are needed for each kWh in the battery pack, the Morgan Stanley analysts conclude that an average battery pack of 60kWh would have more than $US3,000 of lithium on board.
Teslas – particularly…
Your Model Y has $6,350 of lithium in its batteries, your Hummer has $17,000
