Lithium is essential for producing the lithium-ion batteries used in EV’s, laptops, etc.
By 2040, lithium demand could grow by more than 12x.
Currently ~87% of all lithium is sourced from Australia, Chile and China.
The United States currently has only one significant lithium extraction site, Silver Peak in Nevada, whereas Canada has extracted only minimal amounts of lithium.
“I don’t see any major price decline any time soon because demand is going to keep growing as more EVs come into the market,” says Morningstar analyst Seth Goldstein, who believes the top Lithium producers are undervalued.”
Sources: Stockwatch.com, Researchgate.net
Global investment in the low-carbon energy transition totaled $1.1 Trillion in 2022
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