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The price of lithium, a key component in the production of electric car batteries, has surged by nearly 500% since last year, with supply unable to meet the demand for the rare earth metal.

Lithium prices continue to skyrocket as supply unable to meet demand - Rebel News
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Lithium prices continue to skyrocket as supply unable to meet demand - Rebel News

The West’s efforts to create a low-carbon future through the introduction of electric vehicles will bear a heavy cost as demand soars for lithium carbonate, which is used in manufacturing EV batteries and other low-carbon energy resources like solar