​Charging Ahead with Lithium — One World Lithium Inc.

When Sony (SNE) commercialized the lithium-ion battery (LI) in 1991 no one knew how essential and integral this would become in terms of transportation. Goldman Sachs is claiming lithium is ‘the new gasoline’ after a meteoric rise by 26% in 2016 and upwards of 39% in 2017.

It follows the other component of the LI battery, cobalt as a mineral worth exploration. Cobalt is selling at around $60,000 USD per metric tonne while Lithium is at $20,000 per tonne for battery grade material. At these prices research and exploration in both minerals is the new frontier.

The interesting part about these metals is that as they rise in price only lithium fails to raise the prices of the products they are used in. Why? The reason is Lithium is only around 3% of a smartphone battery while cobalt is considerable more. Bloomberg said, “even if the price of lithium soars 300 percent, battery pack costs would rise by only 2%.” Tesla (TSLA) CEO, Elon Musk agrees and has called it simply “the salt on the salad.”

You might wonder why they are busting through the mineral price ceiling right now? If you said climate change demands alternatives to fossil fuels you would be right. The timing is right in the minds of consumers to focus on electric vehicles and the car manufacturers are listening.