RE: New video - Keith Coughlan12 Nov 2020 06:28
These are The Top Catalysts that Could Drive Another Lithium Market Boom
The lithium market could benefit from a Joe Biden victory, noted Albemarle Corp. CEO Kent Masters, as quoted by Bloomberg. “There’s the incentives, and the emphasis that’s put on electrification and EVs around that. The market side of it would be more favorable with Biden.”In addition, according to Goldman Sachs analyst, Mark Delaney, a Biden win could also boost further electric vehicle adoption, which would boost …
The lithium market could benefit from a Joe Biden victory, noted Albemarle Corp. CEO Kent Masters, as quoted by Bloomberg. “There’s the incentives, and the emphasis that’s put on electrification and EVs around that. The market side of it would be more favorable with Biden.”
In addition, according to Goldman Sachs analyst, Mark Delaney, a Biden win could also boost further electric vehicle adoption, which would boost lithium demand.
Lithium demand could substantially increase with many governments pushing for even more EV adoption. Remember, California Gov. Gavin Newsom just signed an executive order that will ban the sale of gas-powered passenger cars in the state starting in 2035. That means only EVs will be available for purchase in the next 15 years.
In Europe, “Automakers need to sell more electric vehicles after EU lawmakers in December 2018 ordered them to cut CO2 emissions by 40 percent between 2007 and 2021, and then by a further of 38 percent by 2030, or face fines.” In China, according to a McKinsey report, EV market share in the country is expected to grow 11 to 14% by 2022.
For any of that to happen, the world desperately needs much more lithium supply.
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