LITHIUM TO BECOME THE NEW OIL IN HYBRID/ELECTRIC AUTO WORLD
December 1st, 2009
BY PACIFICA GODDARD, ANCA GURZU, GAVIN BLAIR and KEITH NUTHALL
NEW technologies devour new resources and the move towards hybrid and electric vehicles could make some currently impoverished countries rich. As the world moves away from fossil fuels, the soft metal lithium will become increasingly in demand as a critical component of auto batteries for green cars.
And one country in particular looks set to prosper from this: poverty-stricken and land-locked Bolivia, home to an estimated 5.4 million metric tonnes of lithium, about of 50% of the global reserve base ...
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