Ryan Stancil,
Editor
Dec. 12, 2022
Lithium is ushering in the future.
It wasn’t long ago that lithium was an element many people didn’t think about.
Now, it’s going to be something that you’re much more likely to hear about over the next few years.
With it being a core component in the batteries that power electric vehicles, it’s going to play a big role in the world’s battle against climate change.
It’s why companies are scrambling to secure supply. It’s why governments are doing everything they can to find new sources. It’s why investors are paying close attention to the companies that can produce it and bring it to market.
With it being such a hot investment topic, you’re going to see a growing number of stories related to catalysts that raise its profile.
Just recently, for instance, it was revealed that October’s global electric vehicle sales were the second-best ever. They were up 55% over the previous year and came in second only to September of 2022. The final number for the month came in at 932,000 new EV registrations. Up to the end of October, something like 7 million have been registered globally and many say that a goal of 10 million before the end of the year isn’t out of the question.
EVs make up about 16% of the car market now, but as time moves on that number is sure to climb.
And while growing consumer interest is certain to play a big part in it, that’s not the only thing.
Governments around the world are also putting lithium at the forefront with new bills that are sure to spur lithium investment.
One example of this is the recently passed Inflation Reduction Act.
Among other things, it focuses on boosting production of important metals like lithium within the US and countries the US has free-trade agreements with.
When this bill was passed in August, car companies rushed to make and announce agreements that have them producing EV batteries in the US and allied countries in exchange for tax credits and other incentives.
This shifts focus away from countries like China and Russia, longtime sources for metals like lithium, and helps secure the supply chain. So you’re going to see more deals like those that were recently struck.
And because domestic supply as it is now is limited, that’s going to create more incentive to explore and drill new lithium mines.
Domestic lithium investment is going to take off and there are going to be winners and losers.
Finding and drilling mineral deposits is no small feat. During this boom, there are going to be a lot of companies that try and fail to locate the kinds of resources they need to stay afloat. That’s just the way of things.
Plus, to succeed, the companies doing the exploring need to be able to secure the right permits and ensure they have government backing.
Few companies now can check all those boxes and that’s not likely to change as this trend takes off.
But there is one firm, a little-known name with a deposit in Canada, that meets all those requirements.
The deposit is thought to have a mine life of 17 years and is located in Quebec where the government is very friendly toward miners.
That puts this company miles ahead of the competition in the race to the top of the lithium sector.
Not many investors know about it yet, but that just means the best time to get in and profit is right now.
Learn all the details and see why this is one of the best investment opportunities in lithium you’ll find.
Ryan Stancil
Editor, Daily Profit Cycle