This change has been a long time in the making. Many experienced investors who avidly research the lithium market have been speaking of a wall of demand for a year or so now. The market will continue to have significant trends both upward and downward but in general a positive direction.
As long as INR can get the mine approved and produce battery grade lithium, it wont matter who the car manufacturer is, who has the most market share, or what the lithium is used in. We will have the raw material ready to sell.
The next 2 decades you have EVs, drones, solar battery storage, phones, laptops and various other new technology feeding the lithium raw material frenzy. For example all the people interested in cryptocurrency. They usually need computers & servers to operate in that market, both of which use lithium raw materials in components.
The lithium market will be massive in future periods and new advancements in tech are only adding fuel to the fire.
INR Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
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