U.S. Lithium Corp. (LITH)

[BottomBounce]

$LITH | As most investors already know, lithium is the crucial white powder for revolutionizing the future of energy in the form of Lithium-ion batteries. It’s in record high demand thanks to automakers like Tesla, Kandi Tech, Nio Inc and others who are looking to double or even triple EV (Electric Vehicle) production over the next few years.

In fact, majors like Tesla and Volkswagen will more than just double or triple their EV production in the next few years, upon starting from a small base. Tesla hopes to sell 500k in 2018 and 1 million EVs in 2020. Volkswagen expects 2-3 million sales in 2025.

In March of 2016, Tesla CEO Elon Musk stated, “In order to produce half a million cars a year… we would basically need to absorb the entire world’s lithium- ion production.”

The Wall Street Journal backed this too stating, “Tesla and other electric-vehicle makers are swallowing up lithium for its use in lithium-ion batteries that power electric cars.”

Goldman Sachs took things even further in their detailed report on Lithium declaring that lithium is the “new gasoline,” according to Bob Koort, head of Industrials and Materials research, Goldman Sachs Research who stated, “We think Lithium ion batteries will help fuel a dramatic increase in electric vehicle penetration.”