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Major Research and Advancements in Lithium Batteries/Tesla and Panasonic Plan Gigafactory, Business and Industry Trends Analysis

There remain many obstacles to all-electric vehicles: a shortage of battery charging stations available to the driving public, battery cost and driving range.  Another challenge is the increasing demand for lithium.  Cobalt is also used in lithium-ion batteries. There is concern as to whether lithium producers can keep up with demand.  Most manufacturers enter into long-term contracts with lithium miners including Ganfreng Lithium, Kidman Resources, Nemaska Lithium and Pilbara Minerals.  Ganfreng, for example, had long-term contracts with Tesla, BMW and Volkswagen as of 2019.  Chilean lithium producer SQM reported that global lithium demand was expected to grow by at least…

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