Morten Lund Quoted on Lithium Production ‘Gold Rush’

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In a new article, Morten Lund provides Utility Dive with his take on high lithium prices and how he expects entrepreneurs to respond.

Energy development partner Lund notes that the supply chain difficulties for manufacturers, including Tesla, in obtaining lithium to use in storage batteries are the result of continued growth in demand for EVs. He expects that the general belief that EVs are here to stay – giving people interested in investing in lithium facilities incentive to take the plunge – “will result in a bit of a gold rush on lithium for the next couple of years… and that will drastically drop lithium prices, which in turn will spur further development of batteries and EVs.”

You can read the full article here.

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Morten A. Lund
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