Hyperdrive
Electric Vehicle Demand Will Spark Lithium Mining Reinvention
- Tesla’s lithium plans not a threat, Standard Lithium CEO says
- CEO sees electric auto demand driving lithium shortage by 2025
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Lithium producers must reinvent mining methods for the key metal used in rechargeable batteries to meet rising demand from the electric-vehicle industry, according to Standard Lithium Ltd.’s top executive.
“The industry’s going to have some challenges as higher purity lithium compounds are required -- they’re going to have to reinvent themselves,” Standard Lithium Chief Executive Officer Robert Mintak said in a phone interview. “We’re not going to be saddled with 20-year-old processes and refining capabilities.”