The world needs a lot more lithium mines, after Toyota (TM) said on October 29 that it has mastered the Lithium-Ion battery.
And that’s a problem for the fast growing Electric Vehicle (EV) market, because even though finding lithium is relatively easy, getting a mine into production is not. Adding Toyota’s huge global demand to an already tight market…will make lithium investors very happy.
Toyota is one of (and often is) the largest car companies in the world, and certainly has the most hybrid/electric cars–in April 2016 they surpassed 9 million sold. They are now focused on lithium for the next 9 million. So if you think this is the most bullish chart in energy right now–and it is–you just wait.I think we ain’t seen nothing yet:
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