Lithium Battery 18650 Demand Increasing

Not long ago I re-posted a story that talked about how the rare earth metal Lithium is actually in short supply and that supply will eventually lead to the doom of the mobile device market.

Of course with any new technology that is making money demand is up and while there is a demand there will be miners in the ground extracting the elements we need.

Currently, an electric car needs 7,800 cylindrical lithium batteries for power and first-tier electric car supplier Tesla is expected to ship 20,000 electric cars in 2013, which indicates that there will be demand for 156 million cylindrical lithium batteries from the electric car industry in 2013. Since Tesla's electric car shipments are expected to reach 42,000-50,000 units in 2014, demand is expected to grow even higher, the sources noted.

Google, Hewlett-Packard (HP), Dell and Microsoft have also recently started changing the uninterruptible power supply (UPS) modules for their data center solutions, switching from lead-acid battery-based modules to one using the 18650 lithium battery since lithium batteries are more eco-friendly and better in efficiency.

Oh to be on the ground floor of Lithium stocks.  The trick is knowing when to move on to the next major discovery.  Personally the future of electric cars is in battery technology and we need something better than Lithium right now.

Related Web URL: http://www.digitimes.com/news/a20130923PD221.html