Lithium could be one of the biggest winners in New Year 2021.
All on the heels of an electric vehicle boom showing no signs of cooling.
For one, according to Green Car Congress:
“The underlying demand growth for lithium compounds remains strong, with demand from rechargeable battery applications forecast to exceed 220kt LCE in 2020, representing roughly 70% of total lithium demand. Forecast growth in Li-ion battery demand from EV applications continues to be strengthened with major markets targeting an earlier transition to EV-only sales, in order to reduce emissions from transport.”
Two, EV sales are only expected to improve from here with Joe Biden.
As noted on his site, “There are now one million electric vehicles on the road in the United States. But a key barrier to further deployment of these greenhouse-gas reducing vehicles is the lack of charging stations and coordination across all levels of government. As President, Biden will work with our nation’s governors and mayors to support the deployment of more than 500,000 new public charging outlets by the end of 2030.”
And three, countries around the world are pushing for more EVs on the road.
However, for all of this to happen, the world must have far more lithium supply.
That being said, some of the top lithium stocks to keep an eye on include Albemarle (ALB), Lithium Americas Corp. (LAC), American Lithium Corp. (LIACF), and ETFs such as The Global X Lithium and Battery Tech (LIT).
The post The Top Lithium Stocks to Consider for New Year 2021 appeared first on Morningology.
