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Why have lithium, nickel and cobalt markets slumped despite the demand for electric vehicles? And what happens next?
It's a mistake to assume the materials we use for batteries, magnets, and other high tech applications today, will still be the standard in 10 years. Batteries are a classic lesson in the impacts of technology on commodities. It's been said, the cure for high prices, is high prices. Never more true than today. Bloomberg:…
Sodium has yet to be used on a large scale, but that could be about to change—and China has the advantage.
(Bloomberg) -- Battery giants are starting to put their money on new sodium-based technology, a sign that there could be yet another shakeup in the industry that’s crucial for the energy transition.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Releases Second Group of Hostages Following DelaysRussia Suffers Heavy Drone Attack Including Strikes on MoscowHamas Says Next Hostage Release to Is
Battery giants are exploring sodium-based technology as an alternative to lithium, signaling a potential shift in the energy storage industry. Sodium, more abundant and cheaper than lithium, has not been widely used due to the superior range and performance of lithium cells. However, recent breakthroughs, including Sweden's Northvolt AB and China's BYD Co. signing a deal for a $1.4 billion sodium-ion battery plant, suggest a growing interest in sodium technology.