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Lithium price collapse, predictable
Source: Daily Automotive News
U.S. EV EFFORT SUFFERS SETBACK
We start out today’s show with a big setback in the U.S. effort to become self-sufficient in securing lithium. We’ve been following the crazy decline of lithium because a big part of it is caused by the drop in EV demand since lithium is a key ingredient in batteries. Prices are down 83% in the last year alone. And one company seems to really be struggling with that decline. U.S.-based Piedmont Lithium laid off a third of its workforce earlier this year, last month it canceled a planned project in Tennessee and now it’s pulling an application for a government loan. The company says it’s making the move partly because of high... -
2024 Millenium Technology Prize goes to IGBT inventor
Yahoo! news link
-a few quote frorm article-
Professor Bantval Jayant Baliga was handed the 2024 Millennium Technology Prize for inventing the Insulated Gate Bipolar Transistor (IGBT).
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Baliga is credited with having the most negative carbon footprint in the world. His IGBT is estimated to have reduced global emissions of the greenhouse gas by more than 82 gigatons since the 1990s — roughly the same amount of carbon dioxide generated by all human activity for three years.
Nice work, professor!
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