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<https://www.telegraf.rs/english/3176096-proof-of-how-much-serbia-could-mean-to-world-right-now-theres-shortage-of-a-metal-we-have-a-lot-of>
  


Proof of how much Serbia could mean to world right now: There's shortage of a 
metal we have a lot of


3-4 minutes

  _____  

09/04/20 |  10:15 


Huge orders have been stopped


Photo: Nikola Tomic

The global market could soon see a major shortage of lithium, a key component 
in battery production.

The shortage of this precious metal could be reflected in the production of 
many devices, such as cell phones, tablets, laptops, and electric cars.

"The current situation is so chaotic that it is difficult to predict what 
awaits us in the future," experts have commented for The Verge, adding that the 
current crisis caused by coronavirus has further complicated the market 
situation due to the closure of numerous production facilities, making it 
impossible to determine with certainty what the real situation is.

An additional complication is the difficulty in placing goods on the markets. 
Despite the reopening of Chinese factories, and the continued operation of 
lithium mines in countries such as Australia and Chile, exports of this metal 
continue to be difficult.



Photo: Pixabay

Namely, experts warn that demand for devices using this metal has fallen during 
the crisis, but stress that despite this there are still several companies that 
have large orders that have now been stopped.

"Can we get ships and containers? This is a major issue for all of us," 
commented a manager of one of the mines.

Serbia has the largest lithium deposits in Europe, while the potential for 
lithium batteries is enormous globally. Lithium is one of the most sought-after 
alkaline metals and raw materials in the world. This importance is owed to the 
growth in the electrical industry and the significant fall in the prices of 
components to produce renewable energy.

We were at the rigs themselves, see how lithium is extracted in Serbian 
villages:

 

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