$WML The Long Term Lithium Superpower That Has Al
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Posted On: 03/20/2018 10:22:41 AM
$WML The Long Term Lithium Superpower That Has All the Investors Attention
Advanced junior Wealth Minerals Ltd. (TSX.V:WML) looks set to thrive in our Chilean, Copious, and Clean energy boom.
The lithium market has been hot for quite some time now. Many analysts forecast that demand for lithium is only going to go up. Bloomberg New Energy Finance predicts an 18-fold jump in lithium demand from batteries by 2030, with 54% of new vehicle sales by 2040 being electric vehicles. Lithium, as a crucial component of electric vehicle batteries, is powering the green battery revolution.
The share prices of the Top 3 lithium producers in the world have all fallen in the past two months.
The catalyst was news that SQM, the world’s second largest lithium producer, had been given the green light to increase its annual lithium production quota by the Chilean government. Shortly after, Morgan Stanley released a research report predicting a 45% drop in lithium prices by 2025 due to supply increases from Chile.
This may seem like bad news for most lithium giants. But the truth is that advanced junior companies with Chilean mining projects such as Wealth Minerals Ltd. (TSX.V:WML) stand to benefit.
Advanced junior Wealth Minerals Ltd. (TSX.V:WML) looks set to thrive in our Chilean, Copious, and Clean energy boom.
The lithium market has been hot for quite some time now. Many analysts forecast that demand for lithium is only going to go up. Bloomberg New Energy Finance predicts an 18-fold jump in lithium demand from batteries by 2030, with 54% of new vehicle sales by 2040 being electric vehicles. Lithium, as a crucial component of electric vehicle batteries, is powering the green battery revolution.
The share prices of the Top 3 lithium producers in the world have all fallen in the past two months.
The catalyst was news that SQM, the world’s second largest lithium producer, had been given the green light to increase its annual lithium production quota by the Chilean government. Shortly after, Morgan Stanley released a research report predicting a 45% drop in lithium prices by 2025 due to supply increases from Chile.
This may seem like bad news for most lithium giants. But the truth is that advanced junior companies with Chilean mining projects such as Wealth Minerals Ltd. (TSX.V:WML) stand to benefit.
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