Lithium “shortage” bubble implodes

Lithium is a necessary component of modern batteries. It’s needed in greater and greater quantities for electric vehicles and for energy storage for wind and solar power. The huge increases in EVs and storage have led to questions about whether we can find enough:

Currently, Australia, Chile, and China dominate lithium production. Australia alone accounts for nearly half the global production. The three combined account for about 90% of global production.

But production is growing: “Price collapsed 77% in a year”: https://wolfstreet.com/2023/11/23/lithium-shortage-bubble-implodes-once-again-as-demand-and-production-both-surged/

Bonus: an item from futurecrunch.com’s latest email. I’m pretty sure you haven’t heard about this:

One of the most underrated ecological phenomena of our time is the regeneration of abandoned farmlands, thanks to the more efficient land use of modern agriculture. Since the 1990s, the EU has reforested an area the size of Portugal, the United States uses 40% less cropland than in 1960, and globally, an area of farmland half the size of Australia is abandoned every year.

Welcome to the Internet

By Bo Burnham. Pretty funny and pretty on-target: https://www.youtube.com/watch?v=k1BneeJTDcU. 4 min 40 seconds. Lyrics: https://genius.com/Bo-burnham-welcome-to-the-internet-lyrics.

Welcome to the internet! Have a look around.
Anything that brain of yours can think of can be found.
We’ve got mountains of content, some better, some worse.
If none of it’s of interest to you, you’d be the first.

And as a bonus, one item from dozens in the latest Future Crunch weekly newsletter:

Last year China more than doubled its solar capacity and increased wind capacity by 66%. This year is going to be all about storage. The country currently has 210 GW of pumped storage and 100 GW of batteries either in operation, under construction, or contracted. That’s going to take a huge chunk out of coal and gas.

One gigawatt is enough energy to power about 750,000 homes. And doubling its solar capacity in one year? Wow!

Good news from 2023

Yes, the US and the world have serious problems. Yes, we are looking at an uncertain future. And yes, lots of things have gotten better and better:

Cancer? “European cancer mortality for 2023 was estimated to be 6.5% lower for men and 3.7% lower for women than in 2018, the United States reported cancer death rates have fallen by a third in the last three decades, Australia reported significant reductions in skin cancer in under 40s, there were major breakthroughs in treatments for colon, skin, bladder and cervical cancer…”

AIDS? “Two decades ago, the disease seemed unstoppable, killing two million people a year, but today, it’s a very different story. In July, the United Nations revealed that in 2022, deaths fell to 630,000, there were an estimated 1.3 million new infections, the lowest since the early 1990s, and only 130,000 new infections in children, the lowest since the 1980s.”

Clean energy? “Humanity will install an astonishing 413 GW of solar this year, 58% more than in 2022, which itself marked an almost 42% increase from 2021. That means the world’s solar capacity has doubled in the last 18 months, and that solar is now the fastest-growing energy technology in history. …If solar maintains this kind of growth, it will become the world’s dominant source of energy before the end of this decade.”

Electric vehicles? “Global electric vehicle sales increased by 36% this year, bringing the world’s total to 41 million electric vehicles. The shift is remarkable: just two years ago, one in 25 cars sold globally was an electric vehicle. This year it will be one in five, and by 2025, one in two. The IEA now says that electric vehicle sales, like solar installations, are tracking ahead of its net zero scenarios. In the United States, where the media spent much of the year insisting there’s been a slowdown, sales were up 50%…”

Suicide? “Over the past three decades, global suicide rates have fallen by more than a third, thanks primarily to rising living standards in the two most populous countries in the world.”

Women’s rights? “Uzbekistan passed a law giving women greater legal protection against gender-based violence, the Netherlands and Switzerland amended their laws to introduce a consent-based definition of rape, Sierra Leone passed landmark legislation advancing women’s rights, Oman passed a law prohibiting the termination of employment due to pregnancy, childbirth or breastfeeding. In China, a new law protecting women against discrimination and sexual harassment came into effect…”

And dozens more! https://futurecrunch.com/goodnews2023/. Sign up for their free weekly good-news email.

Dave Barry Year in Review 2023

And so it is with a heavy heart and an upset stomach that we look back at 2023…

FEBRUARY: In sports, LeBron James sets a new NBA record for points scored, breaking the record previously set by U.S. Rep. George Santos. Major League Baseball spring training gets under way with new rules intended to shorten the game, including breaking ties via “Rock, Paper, Scissors” and the elimination of third base.

MARCH: …Silicon Valley Bank, whose depositors include many super-smart high-tech hedge-fundy individuals, collapses like a cheap lawn chair at a sumo wrestler picnic when the person in charge of managing the bank’s finances accidentally deletes the Quicken file….

The Academy Awards for Best Actor and Best Actress both go to U.S. Rep. George Santos.

JUNE: In other disturbing environmental news, yachtsmen in the Strait of Gibraltar report that orcas have been deliberately attacking, and sometimes sinking, sailboats. What is even more troubling, marine biologists say, is that the orcas are posting videos on TikTok.

OCTOBER: Conflict erupts between two bitter foes, ancient enemies whose intractable hatred for each other has defied all efforts to resolve the historic differences between them: House Republicans and other House Republicans.

NOVEMBER: In entertainment news, the Rolling Stones announce plans for a new tour, to be sponsored — really — by AARP (Official Motto: “AARP! It’s the Last Sound You Make Before You Die”). The venerable rockers will travel to 16 North American cities and perform a three-hour show, including two 45-minute bathroom breaks.

https://www.miamiherald.com/living/liv-columns-blogs/dave-barry/article283068803.html