NetworkNewsWire Editorial Coverage: Driven by an unprecedented ramp-up of the electric vehicle industry in China, fears of a lithium shortage nearly tripled the metal’s price over the last couple years. Although in a temporary lull, demand and price pressures are expected to consolidate then accelerate at breakneck speed as several nations advance similar plans to increase EV use. Insatiable demand and inadequate market supply have intensified the global quest to bring new lithium sources to market and have created a seldom-seen opportunity. Lithium-related stocks and ETFs have proved to be the best way to play the electric future powered by lithium-ion batteries. With wholly owned prime properties and a plethora of potential lithium assets, prospective junior miner Lithium Chile (TSX.V: LITH) (OTC: LTMCF) (LTMCF Profile) may possibly have the largest upside of any lithium miner this year. Other companies investing in the full lithium cycle, from raw resource to battery production, include the Global X Lithium & Battery Tech ETF (ARCA: LIT), while producers such as FMC Corporation (NYSE: FMC), Orocobre Ltd. (TSX: ORL) and Lithium Americas Corp. (NYSE: LAC) are expanding production.
Salt on the Salad
Lithium is, as Tesla co-founder Elon Musk called it, “the salt on the salad” — an interesting analogy since the bulk of the world’s lithium comes from salt brines. More importantly, Tesla and every other company dependent on lithium need to be certain there’s a steady supply. Even if the market triples, there are still about 185 years’ worth of lithium reserves, according to Deutsche Bank estimates. Unmined lithium is so abundant that the next dozen years of production will drain less than…
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