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“Lithium is often hailed as the ‘new oil.’ It’s an analogy that has become somewhat clichéd—with people saying semiconductors or data are the new oil as well. But the comparison between lithium and oil stands out. Unlike chips or data, both lithium and oil are tangible commodities. The parallel is particularly apt given oil’s longstanding significance in the automotive sector. As we shift towards an era dominated by electric vehicles, lithium is poised to become as foundational to the car industry as oil is. That makes lithium a big and important story. When we look at all the batteries out there, there are lithium-ion batteries that can be made without cobalt or nickel. But you cannot make lithium-ion batteries without lithium. Whether it’s a battery powering an electric car, storing renewable energy, or fueling a laptop, lithium is the common denominator. Its ubiquity underscores its crucial role and universal significance.” Read more...
