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Posted On: 07/18/2022 11:08:41 AM
Post# of 40425
$SNPW: All the news on the exploding demand for lithium to supply the electric vehicle and other electric products markets illustrates how SNPW is positioned for great revenue growth opportunity with the company's primary focus on advanced battery tech renewable energy solutions.
A top lithium expert agrees with Elon Musk that there’s not enough of the crucial metal to meet booming demand
https://fortune.com/2022/04/22/lithium-expert...th-demand/ $SNPW #Tesla #ElonMusk #Lithium"
From the article:
Electric car sales are at an all-time high, with companies including Tesla, Volkswagen, and Mercedes posting record shipments in the first three months of 2022. But because of the surge in demand, experts are unsure whether enough lithium is available.
“In the next two years, even though there will be significant growth in supply, it will be less than demand, so the gap will just continue to grow,” lithium and mining expert Joe Lowry, who has earned the nickname Mr. Lithium, recently said in an interview with Bloomberg.
Lithium prices have surged a staggering 438% above last year. The increase comes as the amount of the metal used has almost quadrupled over the last decade. But the process for extracting lithium, and a relative lack of investment, have yet to catch up with the rising demand.
A top lithium expert agrees with Elon Musk that there’s not enough of the crucial metal to meet booming demand
https://fortune.com/2022/04/22/lithium-expert...th-demand/ $SNPW #Tesla #ElonMusk #Lithium"
From the article:
Electric car sales are at an all-time high, with companies including Tesla, Volkswagen, and Mercedes posting record shipments in the first three months of 2022. But because of the surge in demand, experts are unsure whether enough lithium is available.
“In the next two years, even though there will be significant growth in supply, it will be less than demand, so the gap will just continue to grow,” lithium and mining expert Joe Lowry, who has earned the nickname Mr. Lithium, recently said in an interview with Bloomberg.
Lithium prices have surged a staggering 438% above last year. The increase comes as the amount of the metal used has almost quadrupled over the last decade. But the process for extracting lithium, and a relative lack of investment, have yet to catch up with the rising demand.
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