How Long Would The Lusture Of Lithium Stocks Last? - Kalkine Media

by John Smith Stock Market Investor
Lithium has been brewing excitement among investors on China’s love affair with electric cars. 

The market players have taken their magnifying glass to look through the luster of this white gold in the highly competitive commodity space. But, without much ado, let us talk about lithium stocks and the relation between lithium and electric vehicles.

Lithium is a key component in green energy storage technologies and forms a crucial raw material in the manufacturing of lithium-ion batteries, installed in electric vehicles (EV). Needless to say, we are in the generational shift where cars are running on electric power, machines are becoming smarter and quicker than human brains, and money is being transferred digitally.

In this scenario, Lithium is trending as a next-generation metal for its use in electric vehicles as the world is on the verge of facing serious concerns over future oil supplies. Therefore, demand for future lithium resources would likely be dominated by the battery sector, particularly in the EV market.

Is the boom all about Lithium’s use in Electric Vehicles?

Lithium is a versatile metal and, therefore, used for a wide range of purposes. Its use in the glass and ceramics industry is quite a famous one. For instance, lithium is required in glass lenses such as those in car headlights to reduce thermal shocks on being exposed to rapid temperature changes. Its application varies greatly from its use in the manufacture of lightweight alloys for the aeronautics industry to its use in the form of lithium carbonate in medication to treat mental illness.

The lithium companies listed on ASX are Galaxy Resources Limited (ASX: GXY), Mineral Resources Limited (ASX: MIN), Orocobre Limited (ASX: ORE)

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About John Smith Advanced   Stock Market Investor

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Joined APSense since, June 17th, 2019, From Ontario, Canada.

Created on Aug 13th 2019 04:23. Viewed 489 times.


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