Underestimating the market. EV haven't even started in India. Biggest Market after China. Indian Car Maker already announced more than 50% EV vehicles in the market in near term and Tesla also heading to India soon.
Apple did tge same mistake initially but Realised when worlds most Apple products sale was in India taking over China Recently and then Apple decided to Enter India on full flow.
Tesla saw this and decided to hit Indian Market in near future.
India is already most Populated Country in the world and Itself can surpass whole Europe EV sales.
It is happening in 2024 so Lithium demand will outpace Supply shortly.
Next Expo happening in India Capital.
World Predictions are that India will be third largest Economy in 2027.
Demand will Surprise EV market specially when Infrastructure projects are happening way too fast.
Lithium not going anywhere but will be short for next decade although prices will not skyrocket but will not be this low as they are now.
Alot Companies investing Billions in Canada for EV Materials supply. As India is also Don't have good relations with china this will definitely help Sentiments.
Lets See where this heading. can see WR1 and PMT will definitely be huge Supplier in Lithium Supply chain.
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