How to profit from lithium's rising demand
If you have a smart phone or a laptop, chances are it's running off a lithium battery. Electric cars also use lithium batteries to keep them moving.
So where does lithium come from? How does the future look for lithium? And how can you profit from its rise?
Read on to find out more…
A bit about lithium
The demand for lithium is growing.
Only three countries hold 70% of the world’s lithium reserves: Argentina, Bolivia and Chile. But with “new mining concessions” in Chile and Bolivia, it’s time to look to Argentina.
Chile isn’t granting any new mining concessions and Bolivia has suspended mining, Alexandre Peyrille of AFP.com explains.
The potential winner from lithium
Argentina is set to benefit from these concessions and is already seeing a lithium rush.
Make explosive Forex profits with this tiny book!
Find out more here!
It takes a match to start a forest fire.
It takes a little seed to create an entire human being.
And it takes this tiny book to make you a Forex income to last a life time!
The country holds around 128 million tonnes of lithium carbonate at the salt flats of the Andes Mountains, the Argentine mining secretary told Bernetti.
Companies from America, South Korea and Japan are already mining these deposits. This includes Toyota and Mitsubishi.
Demand for lithium
As it stands, ceramic and glass producers are the primary consumers of lithium. But with electric cars looking like the way forward on our roads, demand for lithium will rise from this sector.
Matthew Schembri, an analyst with Citigroup, told the Sydney Morning Herald that he expects demand to grow seven fold in the next five years. He thinks prices will rise 20% before new production streams come online in two years.
To profit from the rise in lithium, you need to hunt down those producing this key element in modern batteries.
So there you have it. How to profit from lithium’s rising demand.
*********** Advertisement ************
How an average guy made an extra R22,000 by watching his favourite sports on TV.
And how you can do the same (even if you’re not that big on sports).