Just so you know I didn't pull that number out of a hat....YouTube video link at bottom...
Want more info on the Lithium Boom? Here is a link to a presentation on Lithium by a guy named Mike Beck. He does promote some stocks at the end but it is otherwise a worthy video. He allegedly made billions in the Uranium industry and now has his eyes set on the next generational demand shift in commodities: lithium, nickel, and cobalt. I'm sticking with the big daddy, Lithium.
Some tidbits:
EVs will soon be cheaper to own and operate than an ICE.
EVs are cheaper, faster, and simpler to build.
With a 15% penetration by 2025, will need lithium production to increase by 4x. Massive capital will be needed to reach that and still, DEMAND will outpace supply.
Lithium Carbonate market price: Recently was $5k/ton Now $28k/ton Future...$100k/ton (Lithium pricing is elastic. This means that it is a small part of the overall cost of an EV so car companies will pay top dollar for it).
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