EV stocks are all down with shares of Tesla, Lucid, ChargePoint and EVGO all down double-digits but it’s the lithium stocks that will be your best investment going forward. In this video, I’ll show you why lithium stocks are your best investment in EV stocks, the supply and demand forecasts that make this a no brainer investment over the next decade. Then, I’ll reveal the five lithium stocks to watch right now!
Nation, all those electric vehicle stocks have plunged since last year and I know there are a lot of Tesla die-hards that say just own the car maker but lithium is where it all starts. This critical input into electric and rechargeable batteries has a supply-demand imbalance pushing prices to record highs, these companies can’t help but generate billions in cash flow.
With countries committing to phase out gasoline and diesel engines by 2040 and some automakers making targets for 2030, demand for lithium is expected to grow by 30% annually for years.
Global electric vehicle sales more than doubled last year to 6.7 million cars and the market share of EV cars is now 3.4% of cars and light trucks in the U.S. alone. EV share of the U.S. market is expected to reach almost 30% by 2030 for $4.7 billion. S&P Global estimates that lithium demand could reach two million tonnes a year by 2030, an increase of 2200% over the 641,000 metric ton forecast for 2022 demand. That 20-times increase in demand is going to be driven by not only the number of electric vehicles produced but larger battery sizes as trucks and even construction equipment starts to transition to electric.
The problem though is, there just isn’t enough lithium supply to keep up. S&P is forecasting the lithium chemical supply at 636,000 metric tons this year, a deficit of 5,000 tons to demand and that deficit is growing each year.
This supply-demand imbalance is leading to surging prices and is likely to only get worse. The price of lithium carbonate rose 413% last year while lithium hydroxide rose 254%. Getting anywhere close to the kind of supply increase we need will mean either massive development of Chilean reserves or what I think is more likely, that the bigger miners just start buying out any company with assets in Chile. That’s why I think we’re about to see a major wave of acquisitions in lithium miners, those established miners buying up fields to be able to meet their production targets.
Check out the investor presentation for Lithium Chile with pre-production assets on this lithium growth theme: [ Ссылка ]
OTC: LTMCF
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This video was conducted on behalf of Chile Lithium, and was funded by Gold Standard Media LLC. All research, recommendations and opinion is that of the creator and no content was written or provided to the channel from the company. Sponsorships like these help me provide free research into this and other companies for investors. For our full disclaimer, please visit: [ Ссылка ]
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
