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InvestorPlace
Oct. 4, 2023, 08:43 AM
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The pullback in lithium stocks is overdone. In fact, you may want to use the latest weakness as an opportunity to buy.
After all, with electric vehicle demand only set to accelerate, the world must get its hands on more lithium supply. The problem is that demand far outweighs supply. Even lithium producers have warned supplies may not meet demand any time soon.
“Lithium producers are growing anxious that delays in mine permitting, staffing shortages, and inflation may hinder their ability to supply enough of the battery metal to meet the world’s aggressive electrification timelines,” reported Reuters.
“There were 45 lithium mines operating in the world last year, with 11 expected to open this year and seven next year, according to Fastmarkets,” they added. “That pace is far below what consultants say is needed to ensure adequate global supply,”
Germany starts to realise that the lithium is..... on its doorstep ,
https://www.theguardian.com/business/2023/sep/23/the-east-german-town-at-the-centre-of-the-new-gold-rush-for-lithium
Sorry meant to post this .....
https://www.cnbc.com/2023/08/29/a-worldwide-lithium-shortage-could-come-as-soon-as-2025.html
Https://www.cnbc.com/2023/08/29/a-worldwide-lithium-shortage-could-come-as-soon-as-2025.html
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Zinnwald Lithium Plc
@ZinnwaldLithium
The world needs 300 more #lithium mines to support the #lithium-ion #battery requirements, which is the equivalent of a 965% increase in lithium demand by 2050 says
@MinespiderTeam
https://lithium-news.com/u-s-and-partners-enter-pact-to-secure-critical-minerals-like-lithium/