It’s a great news for lithium stocks as Biden just announced an aggressive EV plan overnight.
Current EV penetration rate in US is probably 3%, Biden set 50% by 2030.
Europe and China are currently exceeding 10%.
pre Covid annual new car sales, is above 80 million. (Last year global new car sales 76m units)
China: 27m
Europe: 21m
America: 17m
It’s very pleased to see all governments of these countries are pushing hard to go with electric cars.
this will drive lithium demand 5 times in 9 years, imo.
Global lithium demand in 2020 was about 400,000 tons LCE, of that, 180,000 t LCE from EVs.
For achieving 50% EV by 2030, that would require 2,000,000 t LCE alone for EVs annually from 2030.
Back to GLN, it’s not a retail stock anymore, broker data show institutions dominated the trading volume.
Tuesday’s big volume pushed to $1.19, JP Morgan bought 830k, UBS had been doing bots for a long time.
Thanks for those saying kind words to me.
It’s a public forum, every info needs to be verified by fellow readers, obviously human is always biased in one way or the others. NEVER make investment decisions based on HC posts.
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11 | 947628 | 0.105 |
25 | 1490999 | 0.100 |
2 | 20000 | 0.099 |
Price($) | Vol. | No. |
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