Bogota Free Planet Comments
Tesla, Apple and Uber Push Lithium Prices Even Higher
Posted by BFP Staff on Oct 19, 2016 at 11:02 AM
The ‘Lithium Triangle' between Bolivia, Chile, and Argentina.
By James Stafford of Oilprice.com
After more than tripling in price this year, Lithium is no longer that dull commodity we take for granted in our consumer electronics: It’s the commodity powering the next, undeniable energy revolution. The tight supply picture emerging as electric cars, mega-batteries and massive energy storage solutions become the cornerstones of our lives could be on the edge of turning new lithium explorers into the next barons.
Lithium now appears to be at a crucial moment in time: The moment when profits in the industry begin to elevate market valuations, and when consolidation starts to boost gains for all those junior explorers who have been scooping up land in the world’s lithium sweet spots.
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