Early tests show it has the potential to one day rival lithium-ion batteries in terms of energy density. For the companies that have invested billions in developing lithium-based batteries, that’s got to be tough to read.
China especially has spent a fortune on establishing itself as the world’s lithium carbonate leader. All of that could come crashing down in an instant.
Magnesium is significantly cheaper than lithium, and it can be mined virtually anywhere in the world. What’s stopping the lithium market from crashing overnight?
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