3 min read.Updated: 18 May 2022, 10:18 PM ISTAnjani Trivedi
Mining this metal as an input for EV batteries is complex and risky
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Elon Musk has a suggestion for entrepreneurs: Get into lithium mining for juicy margins. It’s pithy advice, but it fails to grasp complex challenges in digging up the metal. Soaring lithium prices have dampened enthusiasm for electric vehicles (EVs). Musk noted that the white metal was the biggest “limiting factor" for EVs. That may be true, but just mining more lithium or buying a mine isn’t a solution.
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