Price Crash Raises New Doubts About Planned North American Lithium Mines

SUGAR LAND, TEXAS--May 30, 2019--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--A projected global surge in demand for lithium - a necessary element for electric vehicles, cellphones and battery energy storage systems - drove prices for the mineral sharply higher in recent years, but they crashed last year following a downbeat projection from Morgan Stanley, which said lithium mines in Chile and elsewhere that were ready to begin operating would flood the market with supply, pushing projected prices down for several years. Within this article: Status of the lithium mining industry. Other companies featured: BP Plc (NYSE:BP)