Key Catalysts Driving Lithium Prices to Higher Highs

April 25, 2021, By smallcapfirm,

Lithium stocks, like Albemarle Corporation (NYSE:ALB), Sociedad Quimica y Minera de Chile (NYSE:SQM), and E3 Metals (TSXV:ETMC) (OTC:EEMMF)  are on the move.  All thanks to rising lithium prices, electric vehicle demand from Tesla (NASDAQ:TSLA), and industry news Orocobre Ltd. (TSX:ORL)(OTC:OROCF) will acquire Galaxy Resources Ltd., creating a $3 billion miner and one of the world’s biggest producers of lithium, reports The Wall Street Journal.

Helping, by 2030, the world will see 125 million EVs on the road, which will only drive further demand for lithium supply.  In fact, “It is anticipated demand for vehicle battery metal will increase sharply over the next several years as automakers abandon internal combustion engines for EVs,” says Resource World.

Leave a Reply

Your email address will not be published. Required fields are marked *