Lithium carbonate processed from the Rockwood Lithium mine on the Atacama salt flat, the largest lithium deposit currently in production, in Antofagasta, northern Chile. Photo: REUTERSLithium carbonate processed from the Rockwood Lithium mine on the Atacama salt flat, the largest lithium deposit currently in production, in Antofagasta, northern Chile. Photo: REUTERS
Lithium carbonate processed from the Rockwood Lithium mine on the Atacama salt flat, the largest lithium deposit currently in production, in Antofagasta, northern Chile. Photo: REUTERS

Under Tesla’s bonnet lies the cause of lithium’s price surge

The price of lithium has risen almost threefold in two years, but the surge won’t disrupt demand, as the cost accounts for less than 5 per cent of the cost of a lithium-ion battery, said Galaxy Resources.

Topic |   Tesla
Lithium carbonate processed from the Rockwood Lithium mine on the Atacama salt flat, the largest lithium deposit currently in production, in Antofagasta, northern Chile. Photo: REUTERSLithium carbonate processed from the Rockwood Lithium mine on the Atacama salt flat, the largest lithium deposit currently in production, in Antofagasta, northern Chile. Photo: REUTERS
Lithium carbonate processed from the Rockwood Lithium mine on the Atacama salt flat, the largest lithium deposit currently in production, in Antofagasta, northern Chile. Photo: REUTERS
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