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Falling Lithium Prices | Earth Wise

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Lithium, the key element in the batteries that power electric cars, as well as smartphones, tablets, and laptop computers, is sometimes called white gold.  Over time, the price of the metal has gone up and up.  But recently, and surprisingly, the price of lithium has actually gone down, helping to make electric vehicles more affordable.

Over the first couple of months of this year, the price of lithium has dropped by nearly 20%.  The price of cobalt, another important component of vehicle batteries, has fallen by more than half.  Even copper, another battery material, has seen its price drop by 18%.

Many analysts predicted that prices of these commodities would stay high or even climb higher.  The reason for the decline, as well as whether it is likely to persist, is the subject of much debate.

Some experts believe that the price drops are a result of demand not being as high as expected, perhaps related to slowing sales growth of EVs in Europe and China after certain subsidies expired.  Other industry experts said that the drop was a result of new mines and processing plants providing additional supply sooner than was thought possible.

Despite the price drops, mining and processing lithium remains an extraordinarily profitable business.  It costs from $5,000 to $8,000 to produce a ton of lithium that sells for ten times that amount.  With such fat profit margins, there is no shortage of banks and investors eager to finance lithium mining and processing projects.  Such profit margins are probably not sustainable and that will likely result in more reasonable prices over time.

There is plenty of lithium in the world.  The huge demand for it is a recent phenomenon and the world is still working out how to meet that demand.

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Falling Lithium Prices Are Making Electric Cars More Affordable

Photo, posted January 9, 2023, courtesy of Phillip Pessar via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Bald Eagles And Lead Poisoning | Earth Wise

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The bald eagle is the national bird of the United States.  It was once a common sight over much of the continent but was severely affected in the mid-20th century by a variety of factors, particularly the use of the pesticide DDT, which caused thinning of its eggshells and sterility.  In the 18th century, the bald eagle population was 300,000 – 500,000.  By the 1950s, there were only 412 nesting pairs in the 48 contiguous states.

The bald eagle was declared an endangered species in the US in 1967 and additional regulations strengthened protections for the bird.  The banning of DDT in 1972 was a major factor in the recovery of the species.

Bald eagle populations have been rebounding for decades but another issue is weakening that rebound – lead poisoning from gunshot ammunition.  According to a new study published in the Journal of Wildlife Management, poisoning from eating dead carcasses or parts contaminated by lead shot has reduced population growth by 4% to 6% annually in the Northeast.

Bald eagle numbers in the lower 48 states quadrupled between 2009 and 2021 to more than 316,000, according to a report by the U.S. Fish and Wildlife Service.  But even though the population has seemingly recovered, some combination of factors such as habitat loss, climate change, infectious disease, and lead poisoning could reverse the trends and lead to population declines.

The hope is that the study could help educate and inform policy on ammunition choices for hunters.  There are alternatives such as copper-based ammunition.  Human health can also be affected when bullets fragment inside game species and are then consumed.

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Bald eagle rebound stunted by poisoning from lead ammunition

Photo, posted March 28, 2013, courtesy of Ben Johnson via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Minerals And Metals For A Low-Carbon Future | Earth Wise

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For the past century, economies and geopolitics have largely been driven by our insatiable appetite for oil and fossil fuels in general.  As we gradually make the transition to a low-carbon energy future, the focus on oil will shift to sustainable supplies of essential minerals and elements.

The use of solar panels, batteries, electric vehicle motors, wind turbines, and fuel cells is growing rapidly around the world.  These technologies make use of cobalt, copper, lithium, cadmium, and various rare earth elements.  The need for any one of these things may diminish if alternatives are found, but there will continue to be a growing reliance on multiple substances whose physical and chemical properties are essential to the function of modern devices and technologies.

In some cases, global supplies of particular minerals and elements are dominated by a particular country, are facing social and environmental conflicts, or face other market issues.  Shortages of any of them could create economic problems and derail progress much as the oil-related energy crises of the past have.

The world faces challenges in managing the demand for low-carbon technology minerals as well as limiting the environmental and public health damage that might be associated with their extraction and processing.  Expanded use of recycling and reuse of rare minerals will be essential.

As the relatively easy sources of these materials become exhausted, other resources will become more attractive.  These include various valuable ecosystems, oceanic deposits, and even space-based reserves.

Ushering in the low-carbon future is not a simple matter and will require responsible actions by the world’s governments and industries. In undoing the damage from the oil age, we must avoid new damage from the low-carbon age.

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Sustainable supply of minerals and metals key to a low-carbon energy future

Photo, posted March 13, 2015, courtesy of Joyce Cory via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Smarter Prospecting

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The global demand for copper and gold continues to grow.  Copper is widely used in building materials, plumbing, and electronics.  Gold is still highly valued for jewelry and coinage, but nearly a third of the world’s gold is now used in electronics. 

Both of these metals are getting increasingly difficult to find as many of the known sources have been exhausted.  Companies spend millions of dollars drilling deeper and deeper in search of new deposits.

It costs about $400 to drill one meter into rock and it is not uncommon to drill to depths of one to two kilometers.  So, it can cost nearly a million dollars to drill a hole that has no guarantee of success.  Given that ore deposits are tiny compared with the totality of the search space, prospecting for these metals is very much like looking for a needle in a haystack.

A researcher at the University of South Australia has developed a suite of geochemical tools to more accurately target valuable mineral deposits and thereby save drilling companies millions of dollars.  The goal is to have drilling for valuable minerals be faster, cheaper and more environmentally friendly.

By mapping out where key chemical elements are found in greater concentrations, the new suite of tools greatly increases the chances of finding an ore deposit at a target site and thereby greatly improve the return on investment for exploration companies.  The tools have been successfully tested at an iron oxide-copper-gold deposit in the north of South Australia, leading to a four-fold increase in the known footprint of their ore body.  Finding economically viable enriched ore sites can generate both revenues and jobs.

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Prospecting for gold just got a lot easier (and cheaper)

Photo, posted April 21, 2005, courtesy of Adam via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Accidental Ethanol From Carbon Dioxide

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Scientists at the Oak Ridge National Laboratory in Tennessee were trying to find a series of chemical reactions that could turn carbon dioxide into a useful fuel.  But the unexpected occurred:  they found that the first step in their process actually got the job done all by itself.   The reaction turns CO2 into ethanol, which is already used to power generators and vehicles.

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