Energy
A Cost Comparison: Lithium Brine vs. Hard Rock Exploration
A Cost Comparison: Lithium Brine vs. Hard Rock Exploration
Lithium brine exploration infographic presented by: Dajin Resources
Capital is limited in the current mining exploration environment, so investors are increasingly looking for companies that have lower costs of doing business. Over the last four years, we’ve seen large-scale, low-grade projects go out of favour and investor preferences resting with low-CAPEX, high-return projects.
However, it is not only the construction costs and scale of a mine with which companies can save money. It can also be in initial prospecting, exploration, and the development of a project. The key here is for a company to be doing this work in a location setting that is easy to work in from logistical and cost perspectives. If a project is in a remote area in mountainous wilderness that requires setup of a camp and bush planes in and out, the payoff has to be that much higher.
This is where lithium brine deposits come in. Typically, they are located in salars (salt flats) which are flat, arid, and barren areas. This makes the logistics of setting up shop for exploration relatively straightforward, and also removes most topographical challenges of exploration.
Further, there are some other major benefits of lithium brine exploration from a cost perspective that makes it favourable to many hard rock projects. Lithium brine deposits are considered placer deposits and are easier to permit. Brine is also a liquid which means that drilling to find it is more akin to drilling for water, and once it is found the continuity is more straightforward. It’s also typically not located relatively close to surface, which limits the amount of meters drilled.
Once a deposit is discovered, advanced exploration and development can also be at a discount. Drilling wells and testing recovery are more like shallow oil wells or drilling for water. Finally, permitting for construction and production is faster because of the placer classification.
Lithium brine exploration has benefits from the angle of cost that make it less expensive than most comparable hard rock projects. However, their potential also depends on the price of lithium – we cover all of the elements of supply and demand for the light metal in this infographic.
Energy
Ranked: Electric Vehicle Sales by Model in 2023
Today, electric vehicle sales make up 18% of global vehicle sales. Here are the leading models by sales as of August 2023.

Ranked: Electric Vehicle Sales by Model in 2023
Electric vehicle (EV) sales are gaining momentum, reaching 18% of global vehicle sales in 2023.
As new competitors bring more affordable options and new performance features, the market continues to mature as customers increasingly look to electric options.
This graphic ranks the top-selling EVs worldwide as of August 2023, based on data from CleanTechnica.
The Best Selling EVs in 2023 (Through August)
Below, we show the world’s best selling fully electric vehicles from January to August 2023:
Model | Country | Vehicles Sold (Jan-Aug 2023) |
---|---|---|
Tesla Model Y | 🇺🇸 U.S. | 772,364 |
Tesla Model 3 | 🇺🇸 U.S. | 364,403 |
BYD Atto 3 / Yuan Plus | 🇨🇳 China | 265,688 |
BYD Dolphin | 🇨🇳 China | 222,825 |
GAC Aion S | 🇨🇳 China | 160,693 |
Wuling HongGuang Mini EV | 🇨🇳 China | 153,399 |
GAC Aion Y | 🇨🇳 China | 136,619 |
VW ID.4 | 🇩🇪 Germany | 120,154 |
BYD Seagull | 🇨🇳 China | 95,202 |
As we can see, Tesla‘s Model Y still holds a comfortable lead over the competition with 772,364 units sold. That’s more than double the sales of the #2 top selling vehicle, Tesla’s Model 3 (364,403)
But it’s hard to ignore the rising prevalence of Chinese EVs. The next five best selling EV vehicles are Chinese, including three from BYD. The automaker’s Atto 3 (or Yuan Plus, depending on market), is being sold in various countries including Germany, the UK, Japan, and India.
Meanwhile, Chinese automaker GAC Group also had two models of its Aion EV brand make the rankings, with the Aion S selling 160,693 units so far.
Regional market strength is also clear. For Volkswagen’s ID.4 model (120,154 units sold), Europe and China account for the majority of sales.
Given growing cost efficiencies and changing consumer behavior, global EV sales are projected to make up half of new car sales globally by 2035, according to forecasts from Goldman Sachs.
-
Energy6 days ago
Ranked: Electric Vehicle Sales by Model in 2023
-
Maps2 weeks ago
Mapped: Which Countries Recognize Israel or Palestine, or Both?
-
Education2 weeks ago
Ranked: America’s Best Universities
-
Countries2 weeks ago
Ranked: Share of Global Arms Imports in 2022
-
Economy2 weeks ago
Ranked: Share of Global Arms Exports in 2022
-
Globalization1 week ago
Charted: The Industries Where Asian Companies are the Strongest
-
Markets1 week ago
Visualizing U.S. GDP by Industry in 2023
-
Energy1 week ago
Visualizing the Top Energy Priorities of Major Countries