"According to the US Geological Survey, with the current global production of 37,000 tons a year, mankind has enough reserves for 365 years—if current demand remains the same. But experts predict that by 2040 the world will need 800,000 tons of lithium for just battery production alone!"
Most of the demand increase is coming from the rapid increase in the number of EVs, but I think that will be overtaken by energy storage systems for buildings...mandatory and/or aggressively marketed systems for single and multi-dwellings around the world.
ADV Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
