How does the run on lithium affect raw material producers | Transforming Business

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  • Опубликовано: 26 авг 2024

Комментарии • 159

  • @dylanshane
    @dylanshane Год назад +32

    not surprised to see australia lead the mining innovation of lithium extraction. The sheer scale of mining operations Australia has got going for 26 million people is incredible.

    • @raclark2730
      @raclark2730 Год назад +3

      Also world leading practice of mine site restoration and revegetation post extraction.

    • @SeeLasSee
      @SeeLasSee Год назад +3

      I’m always pointing this out to people especially in regards to the language they use. If mining occurs in Africa it’s just “exploitation of the global south” but if similar mining occurs in the Australia it’s just deemed raw material exports.

    • @Kelvin555s
      @Kelvin555s Год назад +2

      Haha funny this benefit does not go to 26 millions, you can find many of them living in tents in parks now.

    • @dylanshane
      @dylanshane Год назад +1

      @I Themis The mining companies pay massive royalties to mine on aboriginal land. every now and then disputes happen in court but the mines that are on traditional landowners get paid massive, massive royalties.

    • @raclark2730
      @raclark2730 Год назад

      @@IThemis-ex2vo There has been issues with certain companies. But I would not generalize it as a big problem. How do people expect to live in the modern world without mining and industry. Does not work that way.

  • @lionelwong5842
    @lionelwong5842 Год назад +10

    China has already started producing sodium battery for EV. Soon lithium price will tumble when more EV run on sodium ion battery, less reliant on lithium ion battery.

    • @andespool7972
      @andespool7972 Год назад

      doesn't matter. it helps decentralizing the current financial model dependant on blood oil money

    • @tshifhiwaramatswana6862
      @tshifhiwaramatswana6862 Год назад

      ​@@andespool7972 😂care to have the balls to tell America off, no ? Thought so, now be a good vassal and stop being delusional, unless you're chinese, which you're not

    • @wrexchicane8259
      @wrexchicane8259 Год назад

      Climate change laws will be a much bigger centralization of power and money than oil.

    • @teepatchong5668
      @teepatchong5668 Год назад +2

      Sodium is BS. Low energy density and heavy for EVs. It's only good for stationary grid storage. Not suitable for mobility applications such as mobiles, laptops and EVs that require high energy density and compactness.

    • @Seasee
      @Seasee Год назад +1

      I assume ur invested in Sodium

  • @matthewhuszarik4173
    @matthewhuszarik4173 Год назад +5

    The Lithium sources you identified are just identified and quantified resources. There are many more sources that haven’t been identified much less quantified. In California they are setting an extraction Li production facility that has enough Li to fully supply the US demand for BEV production for many decades. It was never quantified or put into production because there are deposits in other parts of the world that are just far cheaper to exploit. Now that the US Federal government has given significant incentive to produce Li in the US it will be in production in a couple of years. Right now it is a waste from a geothermal plant that gets pumped back into the ground. So to being with all that needs to be done is extract the Li from the waste before it is returned to the ground. Eventually to increase production additional brine will have to be pumped to the surface and processed. Ideally additional geothermal power plants can use the additional energy brought up with the brine.

  • @seanlander9321
    @seanlander9321 Год назад +2

    Well Europe, if you want to trade with Australia, when are you going to revoke the punitive trade embargoes that you’ve had on it for generations?

  • @JosephSolisAlcaydeAlberici
    @JosephSolisAlcaydeAlberici Год назад +4

    Tapping huge lithium reserves is an opportunity for Argentina to get out of its dependence on agricultural exports as a primary source of forex reserves.

    • @maximipe
      @maximipe Год назад

      We definitely need to do as Chile here and start setting way higher taxes for foreign mining companies, there could even be a "south american lithium block"

  • @sarcasmo57
    @sarcasmo57 Год назад +4

    Australia should produce more batteries too.

  • @planb1635
    @planb1635 Год назад +4

    Sodium is going to keep Lithium price on level.

    • @duncanidaho9153
      @duncanidaho9153 Год назад

      More Lithium production will do that too - already has with prices falling nearly 60% since the peak shown in DW's graph.

  • @jameslawrence3666
    @jameslawrence3666 Год назад +4

    privatisation never benefits the people .

    • @nc3826
      @nc3826 Год назад +3

      Nationalization Is fantastic.....
      Just look at Venezuela

    • @kwektans
      @kwektans Год назад

      Nope: you always have to find the right balance. Neither of the extremes are good. A good balance between state and private control is the way to go.

    • @jameslawrence3666
      @jameslawrence3666 Год назад

      @@kwektans I'm all for balance but that has never been apparent in reality certainly since the 90's in the UK. Nothing is safe from them, it is a mantra for the Tories. In this context my comment stands!

    • @maximipe
      @maximipe Год назад

      @@nc3826 Privatization is fantastic
      Just look at US and Australian companies mining lithium in Argentina "buying" provincial governments to keep paying ridiculous taxes (less than 2% as opposed to Chile's 40%)

    • @Djamonja
      @Djamonja Год назад

      @@maximipe Yep, you are correct.

  • @bingeltube
    @bingeltube Год назад +2

    This video is almost exclusively about Chile! Very annoying! Title of this video is misleading!

  • @blizzard5657
    @blizzard5657 Год назад +8

    Western Australia is opening three new lithium prossesing plants as well as a battery manufacturing plant, plans for the world's largest battery storage is in development, plus a second battery to run our desalination plants on 100% solar power, 😊

    • @raclark2730
      @raclark2730 Год назад +3

      Perhaps then DW should retract earlier statements that Australia is a " climate villain " and report on the innovation and development that is common place here.

    • @blizzard5657
      @blizzard5657 Год назад +2

      @@raclark2730 that would just upset them, wait for the response when they find out that the U.S. has included Australia in their renewable energy budget, and unlike Chile Australia has all of the minerals required to build the batteries solar panels and wind turbines,

    • @raclark2730
      @raclark2730 Год назад +1

      @@blizzard5657 So let them be upset. Credit were credit is due DW have improved some what in their reporting in these matters. And this is also promising news from WA and good to hear. NQ 👍

    • @gerryhouska2859
      @gerryhouska2859 Год назад

      I wonder what Australia gets out of it, since profits from most mining activities go overseas.

    • @rob5852
      @rob5852 Год назад +1

      Company profits go to shareholders, as they should, and wherever they are located. It’s a global economy, and that powers investment. Profits are a minor part of the story only. Well paid jobs in WA and many businesses supported, plus taxes and royalties that support government & community. Why do you think WA is affluent?

  • @stupidburp
    @stupidburp Год назад +2

    It makes sodium ion batteries even more attractive. Lithium cartels will be rapidly self defeating. There are numerous alternatives to lithium.

  • @najibyarzerachic
    @najibyarzerachic Год назад +6

    Chile (and other neighborning countries) has a window of oppurtunity. But that window of opportunity is limited in terms of time. They need to get as much benefit as they can in terms of actual sales and battery production investemtnt. Alternative battery technologies such as Sodium ion and molten salt/metal are getting there soon in terms of cost and commercialization. Not to mention other countries such as Austrlia, China , Canada, USA and Zimbabwe are ramping up theur own lithium production.

    • @user-hr4ey5jr4x
      @user-hr4ey5jr4x Год назад

      They should do it without ruin the ecosystem and natural health of their country in the name of 'green' technology. Otherwise, it'd be just counterproductive

  • @adolfnegeh6520
    @adolfnegeh6520 Год назад +1

    I love the revolution of lithium cos it saves money. Example car, scooter led bulb, solar battery, camera

  • @davidmaksud5820
    @davidmaksud5820 Год назад

    Following Indonesia's path on Nickel

  • @SeeLasSee
    @SeeLasSee Год назад +5

    The US dominated lithium mining and processing 30 years ago. Then China wanted to develop the capacity so they heavily subsidized it. The US decided not to get in a lithium and rare earth minerals race with them. Chile definitely could earn more with all the processing but it could also end up not being competitive. Chile is a high income country already with a GDP per capita of about $28,500.

    • @χσχσ-ν3χ
      @χσχσ-ν3χ Год назад +4

      Chile GDP per capita is around 17 k u 🤡

    • @deebil8099
      @deebil8099 Год назад +2

      That's much higher than China. They keeps saying they are so rich but their gsp per capita is that of a poor African country. They don't even have running water if you drive 30 minutes outside of any city...

    • @darex0827
      @darex0827 Год назад +5

      ​@@deebil8099 China is two countries. The wealthy coast and the incredibly poor interior. They are still outrageously wealthy as a nation at some 18T GDP.

    • @peekaboopeekaboo1165
      @peekaboopeekaboo1165 Год назад +1

      Huh..."incredibly poor"?... more like average poor. When it comes to extreme poverty... PRC have succeeded in eliminating it.

  • @Re_RAM
    @Re_RAM Год назад

    Albermale are already processing and refining in Chile. This report grossly underplays the environmental impact of lithium extraction in Chile, almost to the point of being misleading.

  • @outterlimits1
    @outterlimits1 Год назад

    The U.S. had found a huge source underneath the Salton Sea area, east of San Diego, California.

  • @markreed9853
    @markreed9853 Год назад +1

    I know extracting battery materials is nowhere near their best practice, but we will have some short-term pain for long-term gain at the moment. Once enough materials are in the supply chain mining or extracting like this will be reduced and we recycle more batteries materials from old EVs and gadgets to be used to make new batteries. People forget it can take 15 years before an EV battery is recycled after being used and repurposed for energy storage before being available for recycling. At the end of the day, it's still BETTER than drilling, extracting, transporting, refining, transporting, and burning of fossil fuels and all the pollution that goes along with it.

  • @grahamcook9289
    @grahamcook9289 Год назад +2

    No mention of sodium-ion batteries that replace lithium with sodium. Sodium-ion batteries are ideal for static applications such as grid and domestic renewable energy storage. They can also currently be used for EVs, but with the penalty of less performance. With further development sodium-ion has a role with EVs given the lower cost. Various chemistries of flow-batteries are also better suited than lithium for grid level storage. Let us not also forget that lithium is fully recyclable and there will come a point when no new lithium needs to be extracted. This combined with the World's population collapse from the predicted high of 12 billion in 2060 down to 2 billion by the end of the century will also greatly reduce demand for energy and lithium.

    • @AORD72
      @AORD72 Год назад

      What collapse, there won't be a collapse to 2 billion.

    • @matthewhuszarik4173
      @matthewhuszarik4173 Год назад +1

      Where did you get the world population was going to collapse to 2 billion people by the end of the century? From what I have read the population is about 8 billion now and is expected to be over 10 billion be the end of the century. Yes the Industrial West is starting to shrink as well as China, but India, Africa, South America are more than making up for it.

    • @Djamonja
      @Djamonja Год назад +1

      The world population is not going to be 2 billion at the end of the century, not even close. It will be around 8.5 billion. Africa and southern Asia (India, Pakistan, Bangladesh, etc.) are still growing pretty fast

    • @grahamcook9289
      @grahamcook9289 Год назад

      @@matthewhuszarik4173 That's not what Elon says. I'm just saying...

    • @grahamcook9289
      @grahamcook9289 Год назад

      @@matthewhuszarik4173 Even in these countries the growth trend is slowing. There will definitely be a population collapse by the end of the century with the population dropping to anywhere between 2-4 billion. The projected hight point around 2060 is anywhere between 10-12 billion. either way there be a lost less people in 2100 than today's 8 billion.

  • @MoppetShow
    @MoppetShow Год назад

    People need to start Researching Sodium-ion instead, its WAY Cheaper and easier to make as well acquire

  • @considerthis7712
    @considerthis7712 Год назад

    In Australia, lithium is like salt sprinkled on a meal compared to iron ore. But they will use the best technology, environment management and provide good royalties to indigenous peoples where they have claims.

    • @nikola_tomic
      @nikola_tomic Год назад

      Hahaha nah u definitely aren't a bot 😂

  • @scotshuthats5268
    @scotshuthats5268 Год назад

    Interesting report.

  • @michaelpoblete1415
    @michaelpoblete1415 Год назад

    Lithium is common, the refining is the bottleneck not the mining. The mining has been sized to accommodate demand from the refining. Simple theory of constraints.

  • @john_doe_not_found
    @john_doe_not_found Год назад +2

    Set up water capture nets downwind of the ponds and then cycle that water back to holding ponds for the next lithium pond.

  • @joneyu655
    @joneyu655 Год назад +2

    Despite how much you criticize China, China is the world's number one in terms of drones, electric vehicles, and AI. Not to mention its strong manufacturing industry, it has been able to manufacture its own space stations and passenger planes, and there are many other aspects. Therefore, the United States, a financially established country, cannot be its opponent at all. It is only the Western media controlled by the United States that boast of its strength.

  • @Kelvin555s
    @Kelvin555s Год назад +4

    The worst part is Main Lithium exporters like Australia and Chili are not as progressive as China, EU or US in climate goal. Particularly Australia is frustratingly lame on this.

    • @tonyvu2011
      @tonyvu2011 Год назад

      My home state of Western Australia has the highest household rooftop solar capacity per capita in the world. In some summer days our solar output excceded total consumption, making us the first jurisdiction in the developed world to be completely carbon neutral. We can achieve carbon free economy without too much of leftist BS policy!

    • @tshifhiwaramatswana6862
      @tshifhiwaramatswana6862 Год назад

      CHINA is already the superpower going beyond americas reach😂 ... hope Taiwan proxy war helps usa regain some hegemony 😂... I doubt...

  • @netgnostic1627
    @netgnostic1627 Год назад

    New lithium mines are in the approvals stage in Canada. New lithium processing and battery manufacturing will be ready when the mines ramp up production.

  • @jatin9070
    @jatin9070 Год назад

    What is going on in disputed East Germany?

  • @magfes9209
    @magfes9209 Год назад

    Barrier to foreign direct investment 😢
    Because privately owned resources is always best, right? 🤦🏻‍♀️

  • @VeriteLexicon
    @VeriteLexicon Год назад

    Oil is King still

  • @nc3826
    @nc3826 Год назад

    Chile needs to require seawater to replace freshwater for the lithium extraction process..... Since seawater already has a small concentration of lithium already in it..... And seawater has been used to extract lithium directly....
    Chile needs to preserve all of its precious fresh water resources..... Even if it isn't a little more expensive and complex.....
    Instead of trying to maximize the the profit for the country.... Maybe they should also consider their own environment?

    • @JanBruunAndersen
      @JanBruunAndersen Год назад

      In which steps of the lithium production process is freshwater used?

    • @nc3826
      @nc3826 Год назад

      @@JanBruunAndersen "Brine mining consists of injecting (fresh) water down into salt deposits through deep boreholes. The water dissolves the salt deposits, creating a rich brine that can be pumped up to the surface. The brine is pumped into shallow ponds and is left in the sun to evaporate" ( I can't send a link because RUclips normally deletes the comment, feel free to Google it)
      Plus in the post hard rock mining is mentioned as a means to reduce the use of water. But that would have its own adverse effects.
      i hope that satiated your curiosity.

  • @_..Justin-Case.._
    @_..Justin-Case.._ Год назад

    Of course they say any form of nationalisation is bad news… If only there were real world examples of where it was used to directly benefit the citizens of the country where it’s extracted… wink nudge Norway.

  • @LenaLena-ui1pk
    @LenaLena-ui1pk Год назад

    @dw news at 12:12, why do you show LG? It is south korean. What a bummer. How do you edit these videos? Rest of the documentary is very good though, thanks for a lot of information and views. 👏🏽

  • @forthtemple
    @forthtemple Год назад

    Australia is by far the biggest lithium producer yet stories about lithium just focus on South America. Also Australia will only continue to grow because South America is going to nationalize there lithium production which always kills the industry.

  • @horserous
    @horserous Год назад +1

    Lithium battery technology will not help solve are energy crisis, post net zero.... Sorry to disappoint everyone....

  • @ricardosmythe2548
    @ricardosmythe2548 Год назад

    Unless we can find a way to recycle the lithium and use it again this push is madness in terms of resources used to benefits seen

  • @lumkaze2000
    @lumkaze2000 Год назад

    The government of Chile will be better off overseeing and governing the standards of the extraction and refining process. National own companies usually don’t have good efficiency. They should learn from Australia

    • @alexfraser2214
      @alexfraser2214 Год назад +1

      As an Australian im proud that we are such a big exporter of minerals due the free market and stability we have. However it hurts to see the profits go overseas, we really need to learn from Norway and Saudi. But maybe oil is a different beast.

  • @elhamido
    @elhamido Год назад +2

    more batteries = more problems.

    • @ricardomadleno564
      @ricardomadleno564 Год назад +2

      More batteries = less fossil fuels = waaaaaaaaaaaay much less problems

    • @gardencity3558
      @gardencity3558 Год назад

      @@ricardomadleno564 Yeah who cares about small African children and civil war these minerals drive? That doesn't matter. Also you do realize that mining is the same as fossil fuel production. Stop living in a BS fantasy.

    • @tommyjohnson9176
      @tommyjohnson9176 Год назад +4

      It’s still in the early phases and no doubt we will see massive changes a long the way. It’s not a complete solution but it’s significantly better compared to fossil fuels.

    • @Apjooz
      @Apjooz Год назад

      Problem of energy abundance.

  • @saltech3444
    @saltech3444 Год назад +1

    Aussie Aussie Aussie.

  • @Secularworld60
    @Secularworld60 Год назад +1

    Tread carefully europe , dont throw all your eggs into the chinese basket , your dependence on russian fossil fuels should have taught u a lesson

  • @jackbolder5734
    @jackbolder5734 Год назад

    Missing info on the "west"'s companies decision making in terms of investment and climate neutrality responsibility - from a western voter perspective.

  • @Secularworld60
    @Secularworld60 Год назад

    Interesting that toyota is investing in hydrogen rather than electric !

  • @cfwin1776
    @cfwin1776 Год назад

    With the production of sodium based batteries in China, the prices of lithium is going to crash back to earth.

  • @grahamcook9289
    @grahamcook9289 Год назад

    Why do wind turbines need lithium batteries?

    • @nc3826
      @nc3826 Год назад

      since it's intermittent....
      some form of storage is ultimately be needed....

    • @Brian-om2hh
      @Brian-om2hh Год назад

      For energy storage.....

  • @michaelhall7546
    @michaelhall7546 Год назад

    Their flag looks very similar to the Texas state flag

  • @wumaobot
    @wumaobot Год назад +5

    Germanh is collapsing 😜

  • @takh6806
    @takh6806 Год назад +1

    how to ruin the earth directly.
    this is worse than any greenhouse gases

  • @davidboskett5581
    @davidboskett5581 Год назад

    Australia the lucky country

  • @AB-OSS
    @AB-OSS Год назад

    Good thing America left the TPP Pac.

  • @saracrypto5638
    @saracrypto5638 Год назад

    A national lithium company?😂, private companies runs best, just raise the taxes on lithium production and processing!

  • @AllinoneJani
    @AllinoneJani Год назад

    Europeans can also enjoy Afghan lithium if they make contracts with them.

    • @peabase
      @peabase Год назад +1

      What if we enjoy European lithium? Portugal, Germany, Austria and Finland all have sizable reserves. And we don't have to dodge bullets mining it. As soon as the Russians stop shooting, Ukraine, too, will start mining lithium.

  • @dekyne3227
    @dekyne3227 Год назад

    Natural resources should always be state own as long as it benefits their people

  • @AORD72
    @AORD72 Год назад

    Pretty dumb if you don't sell as much lithium as you can right now while the price is high. Other types of battery storage are possible and may be vastly superior. For example Aluminum or graphene batteries. Also far more lithium in the sea, effective lithium extraction may produce abundant lithium.

    • @jackfieldsjack1061
      @jackfieldsjack1061 Год назад

      You're not listening.. just commenting😅😅 Political, economy and manufacturing ev are all lithium.

  • @johnwhoo6194
    @johnwhoo6194 Год назад

    Those countries will be doomed if they can't turn this once a life time windfall into sustainable economic capacity, once new technologies developed, like sodium ion battery, lithium price would drop like a rock, lithium industry would be gone like smoke.

  • @Norwegian733
    @Norwegian733 Год назад +4

    Slam 50% taxes on chinese cars.

    • @nc3826
      @nc3826 Год назад +3

      Competition sucks

    • @Norwegian733
      @Norwegian733 Год назад +1

      @@nc3826 Stealing sucks.

    • @nc3826
      @nc3826 Год назад +2

      true, stealing sales, does suck....
      for those who are too incompetent to compete :(

    • @mutkaluikkunen3926
      @mutkaluikkunen3926 Год назад

      @@nc3826 No, stealing IP sucks.

    • @nc3826
      @nc3826 Год назад +1

      true, Chinese IP is so is so advanced
      it sucks that it's stolen....

  • @jamesmit100
    @jamesmit100 Год назад +3

    Taiwan is not part of China as a well known fact. Please correct your map.

  • @nigeljohnson9820
    @nigeljohnson9820 Год назад

    Lithium technology may be over before it has really started. It may yet be replaced by batteries made of sodium and phosphate. Eliminating both lithium and cobalt. The sodium ion phosphate battery has the promise of being cheaper and offer better battery parameters.

  • @nathancortes3722
    @nathancortes3722 Год назад +1

    People don't need their own motorized vehicles. There is public transit, there are bicycles and there are legs.

    • @privacyhelp
      @privacyhelp Год назад +1

      public transports only good in china, but not in america

    • @Brian-om2hh
      @Brian-om2hh Год назад +2

      So how would a tradesman take all his tools, a ladder, and several lengths of 3.2 metre long wood on public transport or a bicycle?

    • @nathancortes3722
      @nathancortes3722 Год назад +1

      @@Brian-om2hh That's easy, he simply wouldn't.

    • @nathancortes3722
      @nathancortes3722 Год назад

      @@privacyhelp There are many reasons why this is so.

    • @peabase
      @peabase Год назад

      @@privacyhelp Public transport is pretty good everywhere in the developed world. Murica is the exception that proves the rule.

  • @Marc_Gagne
    @Marc_Gagne Год назад

    The province of Québec Canada wants to do exactly the same thing. But making batteries for private passenger cars is not an answer to climate change. More money for public transit must be given and a moratorium on private car construction must be implemented.

  • @SalManila1
    @SalManila1 Год назад

    No one will buy chile's lithium. However I hope sodium comes to a head

  • @cam5955
    @cam5955 Год назад

    EVs are garbage...

  • @migmanzana1
    @migmanzana1 Год назад

    Hate CCP

  • @umesh6772
    @umesh6772 Год назад

    Millions of UYGHURS Rotting Inside Giant IRON Walls of CHINA ! What POWER they USE!!😅😅😅