Lithium mines bracing for the era of electric cars

Rapidly increasing demand for lithium at battery makers and electric car manufacturers is forcing these companies to enter long-term contracts with miners so they can maintain the ability to invest quickly and heavily.

Photo: /ritzau/AP/Petr David Josek

There is plenty of lithium on earth to support the rapidly rising demand and production of lithium-ion batteries.

But this will not do much good if mining companies are not able to extract and process the element fast enough to keep up with the demand from battery makers and electric car manufacturers.

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