The lithium price has fallen about 20% since its peak in 2022. The market remains very tight, with an estimated supply deficit of about 5,000 metric tons in 2022. However, with numerous lithium mines expected to start producing in the coming quarters and years, lithium prices may decline further. It will depend heavily on how quickly consumers adopt electric vehicles. As of Feb. 2022 (according to Reuters), EVs accounted for less than 1% of the vehicles on the road in America.
The mania taking place in lithium stocks is capturing the minds and imaginations of investors globally. GM just announced it will invest in a lithium mining company to secure supply for the production of electric vehicles.
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GM Data: https://www.freep.com/story/money/cars/general-motors/2023/01/31/gm-lithium-americas-corp-thacker-pass-nevada/69857629007/
https://www.cnbc.com/2023/01/31/gm-to-invest-650-million-in-lithium-company-to-support-ev-growth.html
Lithium Americas Thacker Pass Mine Data: https://www.lithiumamericas.com/usa/thacker-pass/
Lithium Supply Deficit Data:https://www.spglobal.com/commodityinsights/es/market-insights/latest-news/energy-transition/121421-commodities-2022-global-lithium-market-to-remain-tight-into-2022
Electric Vehicle Data: https://www.reuters.com/graphics/AUTOS-ELECTRIC/USA/mopanyqxwva/
#lithiumstocks #lithiummines #lithiumsupply #GM #GMlithium #thackerpass #albemarle #lithiumprice
Disclaimer: The content in this video must not be construed as tax, legal, insurance, financial advice, or other & may be outdated or inaccurate. This video does not provide a complete overview of the subject matter discussed. Pinnacle Digest, including its video commentators, are not a registered broker-dealer or financial advisors. Before investing in anything, consult your financial advisor, tax advisor, and other relevant industry professionals.
The mania taking place in lithium stocks is capturing the minds and imaginations of investors globally. GM just announced it will invest in a lithium mining company to secure supply for the production of electric vehicles.
If you enjoy our content, don't forget to give us a like and subscribe!
If you really, really enjoy our content, subscribe to Pinnacle Digest's weekly email newsletter. Mining and investing are topics we routinely cover: https://www.pinnacledigest.com.
GM Data: https://www.freep.com/story/money/cars/general-motors/2023/01/31/gm-lithium-americas-corp-thacker-pass-nevada/69857629007/
https://www.cnbc.com/2023/01/31/gm-to-invest-650-million-in-lithium-company-to-support-ev-growth.html
Lithium Americas Thacker Pass Mine Data: https://www.lithiumamericas.com/usa/thacker-pass/
Lithium Supply Deficit Data:https://www.spglobal.com/commodityinsights/es/market-insights/latest-news/energy-transition/121421-commodities-2022-global-lithium-market-to-remain-tight-into-2022
Electric Vehicle Data: https://www.reuters.com/graphics/AUTOS-ELECTRIC/USA/mopanyqxwva/
#lithiumstocks #lithiummines #lithiumsupply #GM #GMlithium #thackerpass #albemarle #lithiumprice
Disclaimer: The content in this video must not be construed as tax, legal, insurance, financial advice, or other & may be outdated or inaccurate. This video does not provide a complete overview of the subject matter discussed. Pinnacle Digest, including its video commentators, are not a registered broker-dealer or financial advisors. Before investing in anything, consult your financial advisor, tax advisor, and other relevant industry professionals.
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