Lithium
Battery COST - Think!
Just after I got married I started taking a few university night school classes to try to help me in my fledgling building business. You see, while I was getting my geology degree I didn't have much room for elective classes. I crammed a four-year geology program into three years because I didn't take Geology 101 until my sophomore year.
One of the night classes I signed up for was Economics 101. The book was 2.5 inches
thick. After two classes, I dropped it because my head was swirling with all the terms and concepts. I thought there was no way I'd understand the topic.
Thirty years of life then taught me what I could have discovered in ten weeks had I not been a quitter.
Here's what the sign said above my high school football locker room:
Quitters NEVER win. Winners NEVER
quit.
How much do you really know about the law of Supply vs. Demand?
Add to that the depth of your ignorance concerning the geologic
deposits of lithium carbonate? Yes, you must read about Dr. Caster, one of my best college professors.
Guess who produces most of this key material required for all those EV car batteries and the batteries you're buying for your power tools?
China
The price of lithium carbonate has tripled in the past year with the price now above $71,000 a ton. Gulp.
What do you think is going to happen to the price if more and more people get bamboozled into thinking that electric power is the way to go for
everything?
Can you afford a new car every four or five years? What do you think it's going to cost to get a replacement battery for your car when the original one wears out? It's now over five figures.
What will the cost be six years from now with
inflation raging out of control and the Chinese producers (SUPPLY) grinning as they ratchet up the price of the lithium carbonate we so desperately need (DEMAND)?
Perhaps now is a good time to tell you about DeWALT's great limited-time offer.