Growing interest in green energy is the chief catalyst for lithium.
Look at electric vehicles, for example. Governments all over the world are pushing for a greener future. The U.S. just promised to cut emissions by up to 52%. Europe says it’ll cut emission by up to 55%. China will stop releasing CO2 in the next 40 years. To achieve those goals, governments want millions of EVs on the road, as of yesterday.
After all, “As the market for battery-operated electric vehicles grows, so does the demand for lithium, the main ingredient in rechargeable batteries and energy storage devices, and EVs will account for 79% of lithium demand,” according to Morningstar.
That’s just one of the key catalysts that could drive lithium prices and related stocks even higher, including E3 Metals Corp. (TSXV: ETMC) (OTC: EEMMF), Albemarle Corporation (NYSE: ALB), Lithium Americas (NYSE: LAC) (TSX: LAC), American Lithium Corp. (TSXV: LI) (OTC: LIACF), and Piedmont Lithium (NASDAQ: PLL).