▲ 487 ▼ Lithium discovery in US volcano could be biggest deposit ever found (www.chemistryworld.com) submitted 2 years ago by fosforus@sopuli.xyz to c/world@lemmy.world 55 comments fedilink hide all child comments
[–] Poppa_Mo@lemmy.world 21 points 2 years ago (3 children) Something else we won't benefit from. Nice. Uh. Go us. permalink fedilink source hideshow 6 child comments replies: [–] Aurenkin@sh.itjust.works 31 points 2 years ago Just imagine the shareholder value. permalink fedilink source parent [–] photonic_sorcerer@lemmy.dbzer0.com 15 points 2 years ago (3 children) It could lead to more affordable Li-ion batteries. permalink fedilink source parent hideshow 6 child comments replies: [–] HuddaBudda@kbin.social 38 points 2 years ago (3 children) It means we don't have to go to the Congo or through Russia, China, or others anymore. Which is a pretty big political relief because it means that we have a little bit more resource independence. Maybe even a way we could compete on the global market if we play our cards right. If they're smart, they'll use it to beef up our power grid for the global warming shock. Unfortunately, I imagine @poopa_mo is right, and this is just going to beef up someone's bank account. Or rot in a warehouse. permalink fedilink source parent hideshow 6 child comments replies: [–] Spiralvortexisalie@lemmy.world 8 points 2 years ago (1 child) Most Lithium comes from South America and Australia and has for some time. I do not believe that Lithium has ever had the geopolitical issues that other rare earth metals such as cobalt have had. permalink fedilink source parent hideshow 2 child comments replies: [–] jonne@infosec.pub 4 points 2 years ago Yeah, the difference between lithium and oil is that oil is a consumable. If the price of oil goes up, that has an instant effect on energy/transportation costs. If the price of lithium goes up, it'll only affect the price of new batteries, and anything that's already in use is unaffected. It'll slow down investments in new projects, people might delay the purchase of a new car, etc, but it's a way smaller economic impact. permalink fedilink source parent [–] frezik@midwest.social 3 points 2 years ago There's no good reason to use lithium for utility-scale power storage. We need it for transportation because it has the best power compared to its weight. Utility storage doesn't care as much about weight, and there are plenty of better options. permalink fedilink source parent [–] TheWoozy@lemmy.world 2 points 2 years ago The best way for it to beef up someone's bank account is for us to play our cards right and use it to compete on the global market. permalink fedilink source parent [+] Mdotaut801@lemmy.world 12 points 2 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] fedditurus_est@sh.itjust.works 2 points 2 years ago They have to pay higher rent, energy prices etc when everybody else raises their prices... permalink fedilink source parent [–] Zana@lemmy.world 7 points 2 years ago (3 children) So this means prices will go down, right? Right? permalink fedilink source parent hideshow 6 child comments replies: [–] TheWoozy@lemmy.world 6 points 2 years ago Only if demand levels off. Demand will not level off permalink fedilink source parent [–] htrayl@lemmy.world 2 points 2 years ago Li-On batteries have drastically decreased their prices over the last 10+ years. permalink fedilink source parent [+] Mdotaut801@lemmy.world 0 points 2 years ago* (last edited 2 years ago) [deleted] permalink fedilink source parent [–] htrayl@lemmy.world 12 points 2 years ago China owning the vast majority of raw lithium is not the world you want to live in. The world absolutely benefits from a greater spread of lithium sources. permalink fedilink source parent
[–] Aurenkin@sh.itjust.works 31 points 2 years ago Just imagine the shareholder value. permalink fedilink source parent
[–] photonic_sorcerer@lemmy.dbzer0.com 15 points 2 years ago (3 children) It could lead to more affordable Li-ion batteries. permalink fedilink source parent hideshow 6 child comments replies: [–] HuddaBudda@kbin.social 38 points 2 years ago (3 children) It means we don't have to go to the Congo or through Russia, China, or others anymore. Which is a pretty big political relief because it means that we have a little bit more resource independence. Maybe even a way we could compete on the global market if we play our cards right. If they're smart, they'll use it to beef up our power grid for the global warming shock. Unfortunately, I imagine @poopa_mo is right, and this is just going to beef up someone's bank account. Or rot in a warehouse. permalink fedilink source parent hideshow 6 child comments replies: [–] Spiralvortexisalie@lemmy.world 8 points 2 years ago (1 child) Most Lithium comes from South America and Australia and has for some time. I do not believe that Lithium has ever had the geopolitical issues that other rare earth metals such as cobalt have had. permalink fedilink source parent hideshow 2 child comments replies: [–] jonne@infosec.pub 4 points 2 years ago Yeah, the difference between lithium and oil is that oil is a consumable. If the price of oil goes up, that has an instant effect on energy/transportation costs. If the price of lithium goes up, it'll only affect the price of new batteries, and anything that's already in use is unaffected. It'll slow down investments in new projects, people might delay the purchase of a new car, etc, but it's a way smaller economic impact. permalink fedilink source parent [–] frezik@midwest.social 3 points 2 years ago There's no good reason to use lithium for utility-scale power storage. We need it for transportation because it has the best power compared to its weight. Utility storage doesn't care as much about weight, and there are plenty of better options. permalink fedilink source parent [–] TheWoozy@lemmy.world 2 points 2 years ago The best way for it to beef up someone's bank account is for us to play our cards right and use it to compete on the global market. permalink fedilink source parent [+] Mdotaut801@lemmy.world 12 points 2 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] fedditurus_est@sh.itjust.works 2 points 2 years ago They have to pay higher rent, energy prices etc when everybody else raises their prices... permalink fedilink source parent [–] Zana@lemmy.world 7 points 2 years ago (3 children) So this means prices will go down, right? Right? permalink fedilink source parent hideshow 6 child comments replies: [–] TheWoozy@lemmy.world 6 points 2 years ago Only if demand levels off. Demand will not level off permalink fedilink source parent [–] htrayl@lemmy.world 2 points 2 years ago Li-On batteries have drastically decreased their prices over the last 10+ years. permalink fedilink source parent [+] Mdotaut801@lemmy.world 0 points 2 years ago* (last edited 2 years ago) [deleted] permalink fedilink source parent
[–] HuddaBudda@kbin.social 38 points 2 years ago (3 children) It means we don't have to go to the Congo or through Russia, China, or others anymore. Which is a pretty big political relief because it means that we have a little bit more resource independence. Maybe even a way we could compete on the global market if we play our cards right. If they're smart, they'll use it to beef up our power grid for the global warming shock. Unfortunately, I imagine @poopa_mo is right, and this is just going to beef up someone's bank account. Or rot in a warehouse. permalink fedilink source parent hideshow 6 child comments replies: [–] Spiralvortexisalie@lemmy.world 8 points 2 years ago (1 child) Most Lithium comes from South America and Australia and has for some time. I do not believe that Lithium has ever had the geopolitical issues that other rare earth metals such as cobalt have had. permalink fedilink source parent hideshow 2 child comments replies: [–] jonne@infosec.pub 4 points 2 years ago Yeah, the difference between lithium and oil is that oil is a consumable. If the price of oil goes up, that has an instant effect on energy/transportation costs. If the price of lithium goes up, it'll only affect the price of new batteries, and anything that's already in use is unaffected. It'll slow down investments in new projects, people might delay the purchase of a new car, etc, but it's a way smaller economic impact. permalink fedilink source parent [–] frezik@midwest.social 3 points 2 years ago There's no good reason to use lithium for utility-scale power storage. We need it for transportation because it has the best power compared to its weight. Utility storage doesn't care as much about weight, and there are plenty of better options. permalink fedilink source parent [–] TheWoozy@lemmy.world 2 points 2 years ago The best way for it to beef up someone's bank account is for us to play our cards right and use it to compete on the global market. permalink fedilink source parent
[–] Spiralvortexisalie@lemmy.world 8 points 2 years ago (1 child) Most Lithium comes from South America and Australia and has for some time. I do not believe that Lithium has ever had the geopolitical issues that other rare earth metals such as cobalt have had. permalink fedilink source parent hideshow 2 child comments replies: [–] jonne@infosec.pub 4 points 2 years ago Yeah, the difference between lithium and oil is that oil is a consumable. If the price of oil goes up, that has an instant effect on energy/transportation costs. If the price of lithium goes up, it'll only affect the price of new batteries, and anything that's already in use is unaffected. It'll slow down investments in new projects, people might delay the purchase of a new car, etc, but it's a way smaller economic impact. permalink fedilink source parent
[–] jonne@infosec.pub 4 points 2 years ago Yeah, the difference between lithium and oil is that oil is a consumable. If the price of oil goes up, that has an instant effect on energy/transportation costs. If the price of lithium goes up, it'll only affect the price of new batteries, and anything that's already in use is unaffected. It'll slow down investments in new projects, people might delay the purchase of a new car, etc, but it's a way smaller economic impact. permalink fedilink source parent
[–] frezik@midwest.social 3 points 2 years ago There's no good reason to use lithium for utility-scale power storage. We need it for transportation because it has the best power compared to its weight. Utility storage doesn't care as much about weight, and there are plenty of better options. permalink fedilink source parent
[–] TheWoozy@lemmy.world 2 points 2 years ago The best way for it to beef up someone's bank account is for us to play our cards right and use it to compete on the global market. permalink fedilink source parent
[+] Mdotaut801@lemmy.world 12 points 2 years ago* (last edited 2 years ago) (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] fedditurus_est@sh.itjust.works 2 points 2 years ago They have to pay higher rent, energy prices etc when everybody else raises their prices... permalink fedilink source parent
[–] fedditurus_est@sh.itjust.works 2 points 2 years ago They have to pay higher rent, energy prices etc when everybody else raises their prices... permalink fedilink source parent
[–] Zana@lemmy.world 7 points 2 years ago (3 children) So this means prices will go down, right? Right? permalink fedilink source parent hideshow 6 child comments replies: [–] TheWoozy@lemmy.world 6 points 2 years ago Only if demand levels off. Demand will not level off permalink fedilink source parent [–] htrayl@lemmy.world 2 points 2 years ago Li-On batteries have drastically decreased their prices over the last 10+ years. permalink fedilink source parent [+] Mdotaut801@lemmy.world 0 points 2 years ago* (last edited 2 years ago) [deleted] permalink fedilink source parent
[–] TheWoozy@lemmy.world 6 points 2 years ago Only if demand levels off. Demand will not level off permalink fedilink source parent
[–] htrayl@lemmy.world 2 points 2 years ago Li-On batteries have drastically decreased their prices over the last 10+ years. permalink fedilink source parent
[+] Mdotaut801@lemmy.world 0 points 2 years ago* (last edited 2 years ago) [deleted] permalink fedilink source parent
[–] htrayl@lemmy.world 12 points 2 years ago China owning the vast majority of raw lithium is not the world you want to live in. The world absolutely benefits from a greater spread of lithium sources. permalink fedilink source parent