Expanding number of battery factories – there were 42 mega factories built or in the pipeline by August 2018 – up from three in 2015. In September that number had increased to 45, and by mid-October that number was already over 50.Oct 30, 2018 * | Reuben AdamsLithium-ion battery demand from the EV industry is projected to grow at an annual rate of 20 percent to 30 percent through 2024 Inspired Investing News Oct 7, 2018April 2018: Consensus Lithium Demand Forecast by 2025: 900,000 tons per year. Forest Hills Lithium blog May 8, 2018Demand is currently outstripping supply in the short term.Creates room for new exploration and development companies.
GXY Price at posting:
$1.98 Sentiment: Buy Disclosure: Held
