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Lithium demand will far outpace supply this year. The green energy revolution is in danger of crashing dramatically before getting completely off the ground if more lithium isn’t found soon.
Supply constraints and soaring demand are pushing lithium prices to new highs; 2021 saw a four-fold increase in this hard-to-get unique energy product.
Currently, lithium is on a bull run that seems never-ending. It is the critical material needed to build electric vehicle batteries. The U.S. government, mandating a clean, green energy future, earmarked $7.5 billion for electric vehicle charging stations to dot the roads throughout America. Analysts predict this will supercharge the adoption of passenger and commercial electric vehicles.
The U.S. Department of Defense is America’s only alternative to even more expensive lithium coming from China. That hostile nation, along with Russia, would be only too glad to maneuver U.S. prices, making this critical element on which the United States will be ever more dependent.
It wasn’t too long ago that the rash commitment to ultra-clean air within millions of miles would become the billions of miles surrounding the earth. That air would be cleansed from “putrid” oil, coal and other varied “energies” fouling it up.
In fact, this required multi-billions of dollars in its early stages. This ridiculous plan never got much off the ground, and projected an anti-oil and its side issues throughout our global world.
Amazingly, this came to an abrupt slowdown, if not the end, just as the Putin war machine crashed into Ukraine. Putin aimed to move the Red A rocket much further west, as he saw Biden’s administration as weak and disinterested.
Why America Will Continue World Leadership
While the United States may not reflect leadership in population size and other factors in breadth and depth, its combination of positive factors cannot be matched by any other global leader:
Total defense placement of two major oceans, and north/south neighbors that are friendly and lacking aggressive potential under any circumstances.
The U.S. possesses the world’s largest and most effective military and the post-World War II atomic bomb, such as those that devastated Japan’s two largest cities with the then first use of H-bombs.
America’s inherent military manufacturing facilities are constantly upgraded. Basic segment elements, previously imported from China, are being rapidly developed by comparable components from domestic new supply sources.
With a broad population that has more than doubled in the past decade, the country has generated the latest internal developments and educational know-how — matching that of any of the NATO European countries and their combined impact.
Despite the slippages that took place during the late previous century, the closing of factories of the current 2000s is possibly being reversed by strong support from both political parties.